General Motors (GM) Stock Surges, DJIA Gains, as Auto Tariff Shift Stirs Market
Today the Dow Jones ended higher, with General Motors GM stock jumping, while tech stock ended mostly lower despite lower electronic tariffs from China.
Tariff Uncertainty Weighs on Tech While Autos Accelerate
Financial markets maintained a relatively calm tone during the session, but tariff-related developments continued to dominate investor sentiment. Despite early enthusiasm in the technology sector, most large-cap IT stocks reversed gains by the close, while the auto sector bucked the trend with solid advances led by Ford, General Motors, and Stellantis.
Lat Friday, the White House administration added further nuance to the markets by clarifying that electronic goods would be excluded from the broader reciprocal tariffs. This announcement briefly lifted sentiment in the tech sector, with many technology stocks opening the day nearly 5% higher. However, that initial boost faded as the session wore on, and most tech names gave up their gains by the close.
Tech Giants Mixed – Limited Participation From Big Tech
Amazon (AMZN): -1.48%
Broadcom (AVGO): -1.97%
Nvidia (NVDA): -0.20%
Meta Platforms (META): -2.20%
Microsoft (MSFT): -0.16%
🔹 Exceptions to the Decline:
Intel (INTC): +2.89%, boosted by Altera divestment news and chip foundry focus
Apple (AAPL): +2.23%, driven by optimism on tariff relief and continued production shifts to India
While tech is often the engine of major rallies, Monday’s gains were led by other sectors. With many FAANG and chip names closing in the red, the broader rally may lack sustainable momentum unless big tech returns to leadership.
Dow Jones Chart Daily – Keeping the Gains at the Open
DJIA price still trading below MAs
Auto Stocks Surge on Tariff Relief Signals
Ford Motor Co. (F): +4.02%
Stellantis (STLA): +5.81%
General Motors (GM): +3.44%
Comments from US President Donald Trump suggesting a potential exemption from proposed auto tariffs sparked renewed investor enthusiasm across the automotive space.
Auto manufacturers were among the top gainers on the day, reflecting how swiftly political headlines can shift sentiment in tariff-sensitive sectors. These gains hint at short-term positioning based on geopolitical expectations.
GM Surges on Trump’s Auto Tariffs Comments
General Motors also posted a strong performance, closing the session up approximately 3.5%. The gains were supported by robust Q1 delivery data, with GM reporting the sale of 693,363 vehicles—a 17% increase year-over-year. The company’s electric vehicle (EV) segment saw particularly strong growth, with sales nearly doubling to 31,887 units, up 94% compared to the same period last year.
Even a downgrade by Deutsche Bank failed to dampen investor enthusiasm. The legacy automaker’s stock opened with a slight uptick and steadily climbed throughout the day. By the close, GM had erased any concerns tied to the downgrade, with its share price reflecting confidence in the company’s continued transition toward EV leadership.
Dow Jones Live Chart
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