Shares of GE Aerospace GE slipped 4.27% to $199.83 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.71% to 6,013.13 and Dow Jones Industrial Average DJIA falling 1.
Earlier this month, industrial conglomerate Honeywell International (NASDAQ: HON) announced plans to break itself up into three stand-alone publicly traded entities. Honeywell's stock is down this year even as the industrial sector has rallied more than 5%.
GE Aerospace's annual report also reflected lower insurance and pension liabilities, along with reduced share count. Big picture: We see a large-scale, highly engineered version of the razor-and ...