Yahoo Finance Live's Akiko Fujita discusses stock performance for General Motors after Morgan Stanley slashes its price target.
A dose of good news for Rivian (RIVN) has shares of the EV truckmaker on the move today.
Shares of stocks in the automotive sector were rising today, likely in response to the broader market's gains. The S&P 500 was up by 2.7% and the Nasdaq Composite had gained 2.9% by midafternoon. The positive market sentiment likely helped raise the share prices of the electric vehicle (EV) battery company QuantumScape (NYSE: QS) by 5.2%, pushed up the EV charging company ChargePoint (NYSE: CHPT) up by 8.8%, and helped General Motors (NYSE: GM) pop 8.2% as of 2:25 p.m. ET.