General Electric Co.’s stock slipped 0.3% in morning trade Friday, putting it on track to suffer a 10th-straight loss, and to close at the lowest level since July 20, 2012. A 10-session losing streak would be the longest since the 10-day stretch ending Oct. 28, 2009. The has shed 16.6% during its current streak; during the October 2009 streak, it lost 14.4%. The stock has continued to fall since GE reported disappointing earnings, and amid uncertainty over what new CEO John Flannery will announce at the investor gathering scheduled for Nov. 13. The stock plunged 37.1% year to date, while the Dow Jones Industrial Average has rallied 19.0%.
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.
From:: Stock Market News