Shares of General Electric Co. slumped 2.6% in midday trade Tuesday, to pace the Dow Jones Industrial Average’s decliners. The selloff put the stock on track to close at the lowest level since Sept. 3, 2009. Meanwhile, the Dow was up 114 points, or 0.5%. GE’s stock has now lost 5.4% since the industrial conglomerate released its 2017 annual report, during which Chief Executive John Flannery warned those who bet against the company’s resolve “do so at their own peril.” Over the same time, the Dow has lost about 585 points, or 2.3%. Over the past 12 months, GE shares have tumbled 54% while the Dow has gained 18%.
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