GE closes at $102.74 after gaining 1.2%

Published: May 26 2023, 22:15 GMT+0

GE closes at $102.74 after gaining 1.2%

A quick look at today: the US conglomerate went up to $102.74, gaining 1.2%.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

A look at other industrials stocks also showed bullish price action as Lockheed Martin gained 1.27%, as it traded at $448.45. Boeing added 1.37% to its value, and traded at $203.63. Honeywell International was up 0.77%.

The stock has been trending positively for about 4 months. Over the past 4 days, the industrial giant has retreated 2.9% from a noteworthy peak of $104.55.