Stocks close lower, GE drops to lowest since 2011

By -NO AUTHOR-

(CNBC) — U.S. stocks fell on Tuesday as shares of General Electric slumped for a second straight day. Concerns about a potential global economic slowdown and U.S. tax reform also dampened investor sentiment.

The Dow Jones industrial average declined 30 points as shares of General Electric slumped for a second straight day. The 30-stock index briefly fell more than 150 points.

GE shares fell 5.9 percent to their lowest level since 2011 and have fallen more than 10 percent over the past two days. The company unveiled a massive restructuring plan and slashed its dividend by 50 percent at an investor meeting.

…read more

Source:: World Net Daily