GM gained 43 cents, or 1.1 percent, to $38.12. The stock is up 32 percent this year.
“Having the Treasury out is probably something that is going to be positive for the shares,” said Jeff Morris, head of U.S. equities at Standard Life Investments. “Some investors are probably a bit spooked by having a meaningful amount of government ownership.”
Johnson Controls was among the biggest gainers in the S&P 500. The company, which makes heating and ventilation systems for buildings, said its board approved a $3 billion increase in its share buyback program. The company rose $2.13, or 4.4 percent, to $50.35.
In government bond trading, the yield on the 10-year note edged down to 2.79 percent from 2.80 percent Wednesday. The yield, which is a benchmark used to set interest rates on many kinds of loans, including home mortgages, is the highest it’s been since Sept. 17.