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The Wall Street Journal

Stock Rises on Switch From NYSE to Nasdaq

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Stock Rises on Switch From NYSE to Nasdaq
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General Motors shares rose this morning after the automaker said it will move its stock listing from the New York Stock Exchange to Nasdaq. GM described the change as a way to position the company among the biggest players in tech, aligning with its strategy. The switch could also create an investment-tilt effect: large funds that track the Nasdaq ecosystem may be more likely to buy GM once it is listed there. The excerpt notes that the move sets up GM to benefit from buying by these major index-tracking investors, potentially boosting demand for the shares. The report focuses on the immediate market reaction and the rationale tied to Nasdaq’s technology-heavy profile.

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