By AP
DETROIT –
General Motors' stock rose the second day it traded as it rebounded from an early swoon.
The automaker's stock closed at $34.26, up 7 cents, or 0.2 percent, on Friday. The broader market rose modestly.
After a successful return to public markets the day before, GM's stock dropped $1.08 to $33.11 in the first half-hour of trading Friday before investors started buying again.
The demand gradually lifted the stock price until it finally rose above Thursday's close of $34.19 just before the end of trading. The stock was traded more than 100 million times, less than one-quarter of its volume on Thursday.
Investors and the U.S. government are watching how the market views GM.