Adviser Investments Stock Market Analysis: GE Stock Down 5%

GE Drops 5% on Negative Cash Flow Announcement

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Tuesday, March 5. With no news to drive the markets, major U.S. indexes saw little movement and closed the day slightly lower, with the Dow Jones Industrial Average and S&P 500 falling 0.1% and the NASDAQ declining fractionally. The Commerce Department reported that new home sales rose 3.7% in December to reach the highest level since May 2018. Despite these gains, that figure remains down 2.4% year-over-year. Meanwhile, General Electric announced that its industrial unit will have negative free-cash flow through the remainder of 2019, and its stock fell nearly 5% in response to the near-term weakness indicator.

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