Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth quarter, despite growing worries about the financial health of European banking giant Credit Suisse and weak economic data.
Credit Suisse shares pare losses after earlier plunging as much as 10%
Shares of Credit Suisse recovered their losses and ended the Monday trading session down around 1% after a big market rally.
General Motors third-quarter U.S. auto sales jump 24%
General Motors Co reported a rise in quarterly U.S. auto sales on Monday, as pent-up consumer demand from the pandemic boosted sales volume.