U.S. Markets closed

GE has now lost more $100B in stock value since Jan. 1

Don Seiffert
American City Business Journals

General Electric Co. stock closed down 7.2 percent today, reflecting a one-day loss of more than $12 billion, after the company cut its quarterly dividend and announced plans to sell off significant parts of its business. The state’s largest and most valuable company by market capitalization, GE (GE) saw its stock price close Monday at $19.02, its lowest point since January 2012.