General Motors Set To Return to S&P 500


  • General Motors Picture

    General Motors Picture

    GM will rejoin the S&P 500 index this week. | June 04, 2013

Just the Facts:
  • General Motors will be re-included in the S&P 500 after a four-year absence, marking a major milestone for the automaker.
  • Companies in the S&P 500 are widely regarded as leaders in their industry.
  • GM rallied in after-hours activity on Monday after S&P Dow Jones Indices made the announcement on its Web site.

NEW YORK — General Motors will be re-included in the S&P 500 after a four-year absence, marking a major milestone for the automaker.

Companies in the S&P 500 are widely regarded as leaders in their industry.

GM rallied in after-hours activity on Monday after S&P Dow Jones Indices made the announcement on its Web site.

GM's shares rose 3.6 percent to $35.65 after the announcement. The Detroit automaker was removed from the index in June 2009 after it filed for bankruptcy protection. GM's return to the index is expected to boost its shares. The automaker received $50 billion in U.S. funds during the economic recession to remain afloat. GM is still partially owned by the federal government. The U.S. Treasury is expected to exit GM by early next year.

S&P Dow Jones Indices said GM replaces H.J. Heinz Co. in the S&P 100 and 500 indices. The automaker will be added after the close of trading on Thursday.

Edmunds says: This is an important victory for GM and a concrete indication of its newfound health.

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