General Motors Company (NYSE: GM) shares fell 1.41 percent to $34.24 on Monday, ahead of CEO Mary Barra's testimony to Congress about the company's vehicle recalls on Tuesday. Last week, GM expanded its recall to 2.6 million vehicles, adding 917,000 more units.
In separate news, Tesla Motors Inc. (NASDAQ: TSLA) shares rose in premarket trading after the company reached an agreement with New York State and will be allowed to keep its five currently licensed retail locations. However, additional locations will need to follow state dealer franchise laws. Shares of the electric car maker fell 1.79 percent to $208.48 in morning trading on Monday.
The Dow Jones industrial average climbed 130.74 points, or 0.80 percent, at 16,453.80. The S&P 500 Index rose 14.49 points, or 0.78 percent, at 1,872.49. The Nasdaq Composite Index was up 48.18 points, or 1.16 percent, at 4,204.14.
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