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Wall Street's quiet week; GE makes a big move; Apple Watch day

Wall Street beginning the last day of a quiet trading week...quietly.  Stocks (^GSPC) remain range-bound as investors search for direction amid light economic data and the start of earnings season.

The story a bit different overseas, as both Asian and European markets--  such as Japan's Nikkei (^N225)-- are soaring towards new highs.

Yahoo Finance's Aaron Task doesn't think we should find this unusual.

"We're underperforming year to date," he says.  "But after five years it's not a surprise to see these other markets sort of take up the baton from the U.S."

However, Task notes there's a good reason for this--  central bankers are pumping money into those economies while the Fed has stopped here.

"Other central banks around the world--  especially in Europe-- are just starting QE," he adds.  "We wound it down and now there is talk about a Fed rate hike.  The trend in monetary policy here is toward tightening where in other places in the world it's toward easing, and that is driving a lot of the hot money into these other places."

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General Electric's multi-billion dollar move

Here's a look at some of the stocks the Yahoo Finance team will be tracking for you today 

General Electric (GE ) shares are flirting with a new 52-week high this morning. The company announcing a major restructuring plan. GE is getting out of the banking  business and will sell nearly all its GE Capital assets over the next two years, including $26.5 billion dollars in real-estate assets to Blackstone (BX) and Wells Fargo (WFC). The company will buy back $50 billion worth of stock with the proceeds.  

Apple (AAPL) is also on investors' watch list this morning. The tech giant starts taking pre-orders for its new smart watch today, which is available for preview in Apple stores.  However deliveries of the new wearable gadget won't begin until later this month.  

Gap (GPS) shares are lower in early trading. The retailer continued to experience weak same-store sales in its namesake and Banana Republic brands last month.  However, overall same-store sales rose a better-than-expected 2% in March as its Old Navy stores continues to do the heavy lifting. 

Ruby Tuesday (RT) shares are higher this morning. The casual restaurant chain reporting a better-than-expected fiscal third quarter loss of a penny a share, while revenue was just a slightly below estimates. The company says reduced expenses offset a decline in sales. Ruby Tuesday also plans to begin looking at ways to remodel its restaurants to be more kid and family friendly. 

Taco Bell delivery

Yum Brands' (YUM) Taco Bell is looking to get into a new business. The fast food chain is now planning to test out home delivery this year.  CEO Brian Niccol says home delivery is the most common request from Taco Bell consumers.

Yahoo Finance Columnist Rick Newman is dubious.

"I don't think they can do it," he argues. "Amazon (AMZN) is setting the standard here.  Taco Bell is going to discover that Amazon's profit numbers are thinner than a tortilla."