One site for Breaking News, Politics, Sports, Entertainment & more!

Newz Chooze
Back

General Electric Co.'s stock rallied 1.7% in morning trade Tuesday, putting it on track to snap a 9-session losing streak, after the struggling diversified industrial company announced a deal to sell its Current LED technology business. The losing streak through Monday was the longest since the 9-day streak ending Nov. 2, 2017, but the stock has tumbled 27% during the current streak compared with a 16% loss in last year's streak. On Monday, the stock closed ($9.28) at the lowest levels since March 11, 2009. The stock has now shed 53% over the past 12 months, while the Dow Jones Industrial Average has gained 8.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.