us stocks mostly higher ge rises on finance deal
Last Updated : GMT 14:15:27
Arab Today, arab today
Arab Today, arab today

US stocks mostly higher, GE rises on finance deal

Arab Today, arab today

Arab Today, arab today US stocks mostly higher, GE rises on finance deal

US stocks
New York - AFP

US stocks opened mostly higher Tuesday as General Electric announced a $12 billion deal to sell its private equity finance arm to a Canadian buyer.

Five minutes into trade, the Dow Jones Industrial Average was at 17,793.71, up 27.16 points (0.15 percent).

The broad-based S&P 500 added 2.67 (0.13 percent) at 2,081.95, while the tech-rich Nasdaq Composite Index fell 4.49 (0.09 percent) to 5,017.13.

Dow member GE was up 0.3 percent after announcing the sale of a pair of finance assets to the Canada Pension Plan Investment Board for $12 billion. GE in April announced plans to sell most of its banking business to refocus on heavy industry and infrastructure.

Equity markets in Britain, France and Germany were all lower as Greece submitted a new reform plan to creditors while Prime Minister Alexis Tsipras warned the lack of a deal would lead to the collapse of the eurozone.

 

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