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GE is Dow's sole loser on Monday, stock hits lowest level since July 2009

Shares of General Electric Co. fell on Monday, bucking the sharply upward trend of the broader marketplace as the beleagured commercial conglomerate persevered to struggle. The inventory GE, -Zero.98% fell 1.5% to $12.88, losing beneath $13 for the primary time since July 2009. GE is heading in the right direction for its 3rd immediately day-to-day decline, in addition to its 8th unfavourable consultation of the previous 10. At current ranges, it is down greater than 26% in 2018, and it has misplaced greater than half its price over the past 12 months. The company has been struggling for years, with the inventory just lately harassed by way of downbeat benefit outlooks, a halved dividend, and an accounting probe by way of the Securities and Exchange Commission, among different factors. The inventory used to be the only probably the most 30 Dow components to be unfavourable on Monday. The Dow DJIA, +1.48% gained 1.5% whilst the S&P 500 SPX, +1.31% used to be up 1.three% and the Nasdaq Composite Index COMP, +1.49% used to be up 1.four%.