Today, 12/08/08, General Motors ( GM ) and Ford ( F ) stocks are up significantly in pre market trading. After, closing at $4.08 on Friday, GM stock is set to open higher at $4.80 per share. Ford ( F ) will also be opening higher around $3.17 after closing at $2.72 on Friday. The big three automakers, General Motors, Ford, and Chrysler are getting close to receiving bailout money and these stocks are soaring December 8th, 2008.
Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout. It is not clear how much of it will be given however. This is sending stock market futures higher in addition to the potential stimulus that is coming when Barack Obama becomes President.
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