Business

Market Movers

S&P 500 welcomes back once-ailing GM

GM has profited each quarter since its November 2010 IPO. Above, a factory in Indonesia.

AFP/Getty Images

GM has profited each quarter since its November 2010 IPO. Above, a factory in Indonesia.

Advertisement

General Motors, four years after being kicked off the Standard & Poor’s 500, will heal another wound when it rejoins the benchmark gauge Thursday. The largest US automaker is replacing H.J. Heinz, which is being bought by Berkshire Hathaway and 3G Capital for $23 billion. GM had been on the index since 1957 until its 2009 bankruptcy and US bailout. ‘‘They’re in essence getting a vote of confidence from S&P,’’ said Daniel Genter, of RNC Genter Capital Management.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.