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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GE Aerospace | NYSE:GE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.20 | 0.12% | 161.46 | 1,378 | 11:40:09 |
Shares of manufacturing and transportation companies rose sharply amid relief about trade tensions and a major deal in the sector. Treasury Secretary Steven Mnuchin signaled progress in talks with China by saying the U.S. had withdrawn proposed tariffs on Chinese imports, for now. "Industrials might have had a few high profile earnings hiccups, but the reality is with a trade war now firmly on the back burner, we are seeing the economically sensitive industrials taking charge," said Ryan Detrick, senior investment strategist at brokerage LPL Financial. "This is a welcome change and one that continues to suggest 'selling in May' might not be the best strategy in 2018." Shares of General Electric rallied after the industrial conglomerate agreed to merge its railroad business with rival Wabtec in a deal valued at roughly $11 billion in new GE Chief Executive John Flannery's first major move as part of his turnaround plan.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
May 21, 2018 16:53 ET (20:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year GE Aerospace Chart |
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