GE - US Job Growth Beats Expectations And What That Means For You - Market Review | Benzinga
Summary
- Poor week for stocks
- Jobs Report exceeds expectations
- GE outperformed market downturns
The market had a rough trading week with the S&P dropping 1.02% and the Dow Jones dropping 2.27%. This downtrend is reflected in almost every stock. At the end of the trading day on Thursday the 4th, stocks took a huge downturn after the Minneapolis FED President, Neel Kashkari, said that the central bank may not cut interest rates at all; this is contradictory to what Simon Powell said a couple of weeks ago. However, stocks rallied at the end of the week with a great jobs report.
One stock that beat out the rest of the market was General Electric Co (NYSE: GE) (now GE Aerospace). Among the chaos that was in the market this week, GE grew 12.50%. GE Aerospace separated from parent General Electric, which relieved it of all the debt baggage that the other sectors of the company carried ...