General Electric Company (NYSE:GE) shares are trading lower by 4.45% to $71.45. Shares of several companies in the industrials sector are trading lower amid overall market weakness following worse-than-expected US May inflation data. Rising inflation has raised concerns of an economic slowdown, which could impact industrial stocks.
According to the Bureau of Labor Statistics, the all-items CPI figure increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981.
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According to data from Benzinga Pro, GE has a 52-week high of $116.16 and a 52-week low of $70.74.
