Why General Electric Shares Fell Today
Shares of General Electric (NYSE: GE) fell by more than 4% in early trading today as investors continue to fret about growth prospects in the economy and, in particular, ongoing supply chain difficulties. While most stocks were weak today due to these issues, GE is particularly at risk because it's preparing to initiate a breakup of the company with a spinoff of GE Healthcare in early 2023. If earnings (in this case GE Healthcare) are weak, then it will reduce the amount of debt that GE Healthcare can carry to ensure a smooth spinoff.
