Dow industrials pivot higher as P&G, Home Depot outweigh GE’s stock slump

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The Dow Jones Industrials Average made a morning break into positive territory, powered by shares of Procter & Gamble Co., Home Depot Inc., and Boeing Co., helping to counter a slide in General Electric’s stock. Shares of P&G












PG, +1.23%










Home Depot












HD, +0.79%










and Boeing












BA, +0.28%










combined to contribute about 25 points–the bulk of the price-weighted blue-chip index’s morning gains. Meanwhile, GE’s stock












GE, -3.83%










was only cutting about 5 points from the Dow, even though it is the benchmark’s worst percentage performer. A $1 move in anyone of the Dow’s 30 components equates to a 6.89-point swing, making a component’s share price more influential than, say, its overall market value. GE was under pressure as it sought to deliver a raft of changes under new CEO John Flannery to revamp its 125-year-old business. Elsewhere, the S&P 500 index












SPX, -0.04%










was gaining some traction in the green at 2,582. The Nasdaq Composite Index












COMP, -0.10%










was also edging higher at 6,752. All three benchmarks cut losses from a firmer decline earlier Monday.

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