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GE's stock rallies to lead Dow gainers, extends bounce off 8 1/2-year low

Shares of General Electric Co. GE, +2.35% surged 2.5% in afternoon trade, to steer the Dow Jones Industrial Average's DJIA, -Zero.50% gainers, as they extended fresh good points toward a 2 1\/2-week top. The stock has now rallied 5.three% because it closed Monday at $12.83, which used to be the lowest close since July 29, 2009. The bounce comes a week sooner than the commercial conglomerate experiences first-quarter results, with analysts surveyed by means of FactSet expecting, on reasonable, adjusted earnings in line with share to fall 38% to 12 cents a share and earnings to say no 1.2% to $27.32 billion. A phrase of warning for investors, GE's stock has declined at the day earnings were reported for nine of the past 10 quarters. GE's stock, which fell 2.7% at the day fourth-quarter results were reported, has plunged 28% over the last three months, while the SPDR Industrial Select Sector ETF XLI, -Zero.24% has misplaced 7.5% and the Dow has slipped 4.5%.