* GM lifted by Fed action on GMAC * S&P 500 futures up 7 points * Investors may consider bargain-hunting For up to the minute market news, please click on [STXNEWS/US] By Chuck Mikolajczak NEW YORK, Dec 26 (Reuters) - U.S stocks futures rose on Friday as General Motors . shares rallied in pre-market trade, lifted by the move to turn affiliate GMAC into a bank holding company. GMAC LLC, the financing arm of General Motors won Federal Reserve approval on Wednesday to become a bank ...
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