General Motors Corp., the best performing stock in the Dow Jones Industrial Average, tied a 22- year record for consecutive daily gains with Friday's increase.
The shares rose for a 10th straight day, gaining 24 cents to close at $32.35 in New York Stock Exchange composite trading. They matched a streak that last occurred July 25 through Aug. 7, 1984, according to data compiled by Bloomberg.
GM's stock has climbed 67 percent this year.
"The negative sentiment they had before seems to be overcome quite handily," said Dan Poole, who helps manage about $34 billion at Cleveland-based National City Corp., including GM shares.
The shares rose for a 10th straight day, gaining 24 cents to close at $32.35 in New York Stock Exchange composite trading. They matched a streak that last occurred July 25 through Aug. 7, 1984, according to data compiled by Bloomberg.
GM's stock has climbed 67 percent this year.
"The negative sentiment they had before seems to be overcome quite handily," said Dan Poole, who helps manage about $34 billion at Cleveland-based National City Corp., including GM shares.
