GE’s stock tumbles toward biggest weekly decline in 7 1/2 years

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General Electric Co.’s stock












GE, -1.53%










fell 1.3% in morning trade Wednesday, which puts it on track for the worst weekly performance in over seven years, in the wake of the industrial conglomerate’s disappointing third-quarter results. The stock, which was headed for the lowest close since April 23 2013, has now tumbled 9.4% so far this week. That would be the worst three-session decline since it plunged 11.7% over the three-day stretch ending Aug. 8, 2011, and the biggest weekly decline since it tumbled 10.5% for the week ending May 7, 2010. GE reported late Friday earnings that missed expectations for the first time in 2 1/2 years. The stock reversed an early selloff to close higher that day, but then fell 6.3% Monday and 1.9% Tuesday. Wednesday’s slide would mark three-straight 1%+ declines since it fell 1.6%, 4.2% and 1.8% over three days ending Jan. 8, 2016. GE’s stock has now tumbled 15% over the past three months and 32% year to date, while the Dow Jones Industrial Average












DJIA, -0.43%










has gained 8% in three months and 18% this year.

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