After 115 years: Auto giant leaves Wall Street for Nasdaq

General Motors' stock surges more than 6% after announcing a historic move from the New York Stock Exchange (NYSE) to Nasdaq, a step aimed at highlighting the company's growing focus on technology and innovation. The stock is expected to begin trading on Nasdaq on November 17.

Shares of auto giant General Motors (GM) surged more than 6% in New York trading after it announced a move from the New York Stock Exchange (NYSE) to Nasdaq, a historic shift after 115 years on Wall Street. The move is intended to underscore the company's increasing emphasis on technology and innovation, including the development of smarter and safer vehicles and the expansion of its electric vehicle operations. The stock is expected to begin trading on Nasdaq on November 17, and the transition could open the door for future inclusion in the Nasdaq 100 index, which includes the largest and most significant companies traded on the exchange. However, the move itself does not guarantee inclusion in the index. Shareholders are not required to take any action, and the existing GM ticker symbol will remain.