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US stocks fall, GE hits its lowest level since 2011, energy shares plunge

GE fell 5.9 per cent to $17.90 in the largest daily volume in two years

Reuters  |  New York 

US stock indexes fell on Tuesday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stocks. GE fell 5.9 per cent to $17.90 in the largest daily volume in two years as investors wondered if a massive overhaul of the company by new Chief Executive John Flannery will be enough to revive the industrial conglomerate. The stock touched $17.46, its lowest in nearly six years. Energy was the largest decliner among the 11 S&P 500 sectors as oil prices fell the most in a month. The International Energy Agency forecast rising U.S. ...

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First Published: Wed, November 15 2017. 04:15 IST
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