November 18th, 2010

As always, the stock market is a roller coaster amid uncertainties in the worldwide market.  During early trading today, we are seeing stocks erase some of the losses that they experienced in the wake of the massive selloff earlier this week.

The market winded down, when fears of a potential European bailout of Ireland in the spring were mixed with China announcing they are raising interest rates to slow growth.

Today is perhaps the largest IPO ever in history.  GM is going back to being a publicly traded company and in the midst of that, the markets are a little optimistic today. However, the shares of GM jumped 7.5% during early trading.  The true test will, however, be in time.

The Dow Jones Industrial Average is up 174.79 points amid eased fears – virtually erasing the losses this week.

The NASDAQ composite index  is up 44.85 points.

The GM IPO occurred today, and shares debuted at $35.  There’s still some speculation if GM will be able operate as a publicly traded company given their tumultuous history.

Stay tuned for more stock market updates, particularly about the NASDAQ, and the Dow Jones Industrial Average.