Q: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Confidence that Ireland will work out the details for a bailout and strong interest in General Motors' initial public offering lifted stocks Thursday. 
  
 In this Nov. 3, 2010 photo, specialist Jennifer Klesaris works at her post on the floor of the New York Stock Exchange.(AP Photo/Richard Drew) (Associated Press) 
  
 A banner displaying the name of General Motors covers the New York Stock Exchange in New York, Thursday, Nov. 18, 2010. (AP Photo/Seth Wenig) (Associated Press) 
  
 A banner displaying the name of General Motors covers the New York Stock Exchange in New York, Thursday, Nov. 18, 2010. (AP Photo/Seth Wenig) (Associated Press) 
  
 A banner displaying the name of General Motors covers the New York Stock Exchange in New York, Thursday, Nov. 18, 2010. (AP Photo/Seth Wenig) (Associated Press) 
  
 The Dow Jones industrial average rose nearly 120 points in early morning trading. 
  
 Markets had been roiled in recent days by fears that Ireland would be the latest European country to face a possible default, following Greece's near collapse in May. But confidence is building that Ireland will reach a deal soon with the European Union and International Monetary Fund to provide a backstop should the country not be able to pay its outstanding debt. The EU, IMF and Irish leaders are meeting Thursday. 
  
 Ireland is also expected to accept a loan worth tens of billions of euros from Britain, which is not part of the 16-nation group that uses the euro. Britain's biggest banks are heavily invested in Irish debt, so they would face big losses if the country can't repay its loans. 
  
 The euro rose sharply against the dollar as traders became more comfortable with Ireland's debt problems. Major European stock indexes all rose more than 1 percent. Ireland is struggling because it had to take over three major banks after the real estate market collapsed. 
  
 General Motors IPO is also drawing a lot of interest back to stocks as the market tries to bounce back from a recent retreat. The Dow has dropped six of the past eight days. 
  
 GM shares jumped more than 7 percent from their initial offering price of $33. 
  
 GM's offering was worth $23 billion as the automaker emerged from taxpayer-funded bankruptcy. The government's stake in the company is being reduced from about 61 percent to 33 percent as a result of the offering. 
  
 The Dow jumped 117.27, or 1.1 percent, to 11,125.15 in early morning trading. 
  
 The Standard & Poor's 500 index rose 14.08, or 1.2 percent, to 1,192.67, while the Nasdaq composite index jumped 33.23, or 1.3 percent, to 2,509.24. 
  
 Investors looking for clues about the health of the broader U.S. economy received another report that indicates employers are not rapidly hiring many workers, but not cutting many jobs either. 
  
 The Labor Department said first-time claims for unemployment levels rose slightly last week, but essentially inline with economists' forecast. Claims remain near their lowest levels in two years, but not low enough to signal the high unemployment rate will drop soon. 
  
 Bond prices retreated as investors moved back into riskier assets. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.91 percent from 2.87 percent late Wednesday. ||||| Reuters General Motors is welcomed on the Morgan Stanley stock ticker in New York on Wednesday. 
  
 General Motors Co. shares rose modestly in their first day of trading Thursday after the car maker's historic initial public offering gave investors their first chance to buy and sell GM stock in more than 18 months. 
  
 The shares opened 6% higher as GM Chief Executive Danieal Akerson rang the opening bell on the New York Stock Exchange. In midday trading, the shares were ahead almost 7%. 
  
 GM was on pace to sell $18.1 billion in shares in what likely will be the second-largest U.S. initial public offering ever, capping a remarkable two-year turnaround in which the car maker went from begging for a government bailout to posting its first steady profits in more than six years. 
  
 The final sales total from the IPO may not be available for several days as the underwriters decide whether to sell the "overallotment" shares that sometimes are offered when IPOs experience high demand. 
  
 Buyers of the GM shares included giant pension and hedge funds as well as GM factory workers and retirees. Among foreign buyers was China's largest car maker, SAIC Motor Corp., which is GM's biggest partner in the world's largest auto market. SAIC said it bought about $500 million of shares for a GM stake of close to 1%. 
  
 GM sold about 478 million shares Wednesday at $33 each, a price higher than the company and its bankers thought was possible just days ago. An additional 71.7 million shares could be sold through the overallotment. GM also sold $4.35 billion in preferred shares. 
  
 Wednesday afternoon at the Manhattan headquarters of one of the lead bankers, Morgan Stanley, GM executives were greeted by traders and bankers standing and cheering while wearing blue GM T-shirts over their shirts and ties. 
  
 The proceeds will help pay back the U.S. government for the $49.5 billion it spent on its controversial rescue of GM, which has gone from losing billions of dollars a year to making $4.07 billion so far in 2010. The Detroit company, after eliminating half its eight brands, slashing its debt and trimming its work force in bankruptcy, has been gaining U.S. market share with strong-sellers such as the Chevrolet Equinox and Buick LaCrosse after years of seeing customers slip away to foreign-based rivals. 
  
 The U.S. Treasury will cut its ownership stake in GM to about 27% from 61% through the stock sale, including the overallotments. That could ease the "Government Motors" taint that had turned off some car shoppers as well as potential GM investors. 
  
 It will take more than the IPO to win back consumers who shunned GM due to its bankruptcy and bailout, said Jessica Caldwell, senior analyst at car-shopping site Edmunds.com. "The only thing that is truly going to do the trick is time," she said. 
  
 The government needs GM shares to rise sharply over the coming years for it to be repaid in full. While the U.S. has agreed not to sell additional shares for six months, after that it is expected to gradually offload the rest of its stake. 
  
 With Wednesday's sale, including the overallotment, the Treasury lost roughly $4.5 billion on GM shares it acquired at an effective cost of $43.84 apiece. The Treasury would need to reap $26.4 billion, or an average of $52.79 a share, on its remaining stake to break even. 
  
 GM IPO Questions Answered WSJ's Sharon Terlep answers questions from readers in a live chat at noon ET Thursday. Ask your questions now. 
  
 If GM's underwriters exercise all their options to sell additional shares, GM's IPO at $18.1 billion in common shares would be the second largest U.S. IPO after Visa's $19.7 billion sale in 2008. Adding in an expected $5 billion of preferred shares sold, including an overallotment, GM's total take would come to $23.1 billion. That would top the largest-ever non-IPO stock sale in the U.S. of $21.1 billion by Citigroup Inc. in December 2009, which also was linked to a government bailout. 
  
 The sale marked GM's biggest step toward cutting its ties to the U.S. government. The Treasury hasn't driven decisions on GM's operations or strategy since the company emerged from bankruptcy last year, people familiar with the situation said. But the government has kept close tabs on the company. 
  
 For more than a year, GM executives, including its CEOs, have briefed administration officials about every other week. Those meetings will continue but take place less frequently, people familiar with the matter said. 
  
 Treasury Secretary Timothy Geithner and President Barack Obama's chief economic adviser, Lawrence Summers, will also scale back their oversight, these people said. Messrs. Geithner and Summers often were called in to approve recommendations by the administration's auto task force on matters such as the choice of banks to underwrite the GM IPO, these people said. 
  
 Some U.S. restrictions put in place as part of the bailout remain, including limits on executive pay that GM says have hampered its ability to attract top talent. Such restrictions and the government oversight have grated on GM Chairman Edward E. Whitacre Jr., who was chief executive until September. 
  
 Last summer, Mr. Whitacre said publicly he wanted to see the government sell all its stake as quickly as possible. He originally planned to step down after the IPO, but resigned unexpectedly as CEO in August to allow GM to present his successor, Mr. Akerson, to investors as the chief who would lead the company through the IPO and beyond. 
  
 Mr. Whitacre's frustration over running a company controlled by the government was a factor in his choice to step down, people familiar with the matter said. The Treasury didn't overrule any decisions Mr. Whitacre made, these people said, but the two sometimes clashed. Mr. Whitacre, for instance, irked Treasury officials by giving them just a day's notice that GM was buying an auto-lending company. Mr. Whitacre declined to comment through a company spokesman. 
  
 Mr. Akerson, in contrast, has taken a far more conciliatory approach with the government, though he also has said GM will be better off when the government sells its stake. 
  
 "GM is run like any corporation in America," he said recently. "We just have a large shareholder that has a keen interest in what we're doing." 
  
 Write to Sharon Terlep at sharon.terlep@wsj.com and Randall Smith at randall.smith@wsj.com |||||
A:
And, they're off! General Motors stock jumped from the initial IPO price of $33 per share to $35.80 after GM Chief Executive Dan Akerson rang the opening bell this morning, returning the icon of American manufacturing to life as a publicly traded company. The Dow Jones industrial average rose nearly 120 points in early morning trading, reports the AP. The Wall Street Journal notes that investors and analysts will be following today's IPO carefully: If shares "pop" more than the typical 10% to 20%, GM and the US may have charged too little. Click here for more on how much GM is expected to pay back, and what the IPO will do to the government's stake.