Afternoon Market Update (GM, DAL, JBLU, GOL, TAM, CPA, HAR)

Shares of General Motors Co GM rose about 1.4% after the company reported 11.4% y/y rise in the US sales in November. The company's sales increased to 168,739 vehicles, versus 151,427, in the year-earlier period. Airline stocks rose, along with the wider equity market. The NYSE Arca Airline Index (XAL) gained about 1.6%. Some of the gainers in the list include Delta Air Lines DAL, JetBlue Airways JBLU, Gol Linhas GOL, Tam SA TAM and Copa Holdings SA CPA. Shares of Harman International HAR gained about 7.4% after analysts at JP Morgan upgraded the stock to an “overweight” rating. JP Morgan also lifted the price target on the stock to $52 from $39. Shares of HAR have jumped 33% year-to-date. Read more from Benzinga's Markets.