GE stock closed trading at $67.54+3.94 at close: October 4 04:00PM EDT
With a 5.4% rise by 12:14 p.m. ET on Tuesday, General Electric ( NYSE:GE ) topped advances among large-cap industrial stocks as U.S. equity markets rose for a second day.
Following the JOLTs report for August, which showed 10.053 million job vacancies as opposed to the estimated 10.755 million, concerns that businesses are having trouble filling positions have subsided considerably. The Federal Reserve may be persuaded to take a more cautious approach to rate hikes if the employment market softens and inflation falls.
Big-cap industrial firms are among the holdings of the Industrial Select Sector SPDR ETF ( NYSEARCA:XLI ), which increased by around 3.1% by Tuesday’s midday. The increase will be the most since July 19 if it continues through the closing bell.
General Electric (GE) Stock Moves -0.31%: What You Need To Know
The results for the third quarter will be announced on October 25 by General Electric ( NYSE:GE ). There may, unfortunately, be some negative news forthcoming based on management’s most recent presentations. Nevertheless, investing entails purchasing a stock for a quarter or two, and there are many reasons to remain upbeat regarding the stock’s long-term prospects.
How important is it?
When a firm reduces expectations, as GE may do in its forthcoming earnings release, it is never good news, but there is a need for some background information ...
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