GM Crawls Its Way Out

GM has finally seen its stock doing something positive. And despite having to close down more U.S.-based factories, GM may be fighting its way back in the green. Add to this the $263 million that investor Kirk Kerkorian invested in GM stock today, and this week is looking better and better for the car manufacturer. On the other side of Wall Street, the housing market is a source of discouragement for investors. New home sales fell 5.7%, greatly affecting the market. Oil prices dropped, and these two were strong enough to pull the market down slightly. The good news is that, with the decrease in new home sales, the Fed will hopefully stop raising rates! Gotta love that silver lining! DJIA: -2.48 Nasdaq: -4.60 S&P 500: -2.18