Shares of General Electric Co. (GE) rallied 1.7% in afternoon trading, putting them on track for the highest close since Oct. 24, 2018. The industrial conglomerate's stock has now run up 27.8% since it reported better-than-expected third-quarter earnings ( ) before the Oct. 30 open. The stock is now the best performer of the 69 equity components of the SPDR Industrial Select Sector ETF (XLI) over the past month, with a 31.6% gain, and over the past three months, with a 41.9% rise. The ETF has gained 8.6% the past three months, while the Dow Jones Industrial Average has advanced 6.1%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 21, 2019 14:10 ET (19:10 GMT)
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