Health industry officials sought Monday to make good on a $2 trillion savings proposal announced with great fanfare at the White House, but they came up short by several hundred billion dollars.

Standard & Poor’s said it will remove General Motors Corp. from its well-known S&P 500 index following the automotive giant’s filing for bankruptcy protection Monday.

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Ford Motor Co., up 38 cents at $6.13

General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors’ long-expected bankruptcy filing ended uncertainty about the automaker’s fate.

Gold prices were little changed Monday, despite a weaker dollar, as an improving economic outlook and a rally on Wall Street lured investors to more risky assets. Grains and oil prices rose sharply.

Shares of manufacturers surged Monday on fresh evidence that U.S., Asian and European companies that make things may finally have stopped skidding, if not exactly snapped out of their doldrums.

Major business events and economic events scheduled for Tuesday: WASHINGTON — National Association of Realtors releases pending home sales index for April, 10 a.m

Shares of U.S. airlines rose in Monday trading, following the broader market higher on better-than-expected economic data, including manufacturing, consumer spending and construction spending.

While some experts believe Melco Crown Entertainment Ltd.’s new City of Dreams resort will take away from other Macau casino operators, a UBS analyst said Monday that the development may actually help the region.