Dow Watch: GE Escapes Downdraft

General Electric rises Thursday, but most Dow stocks are falling.
Author:
Publish date:

(

At 11:31 a.m. EDT

)

The

Dow

was only slightly lower two hours into the session Thursday, but nearly two-thirds of its components were in the red. Recently, the index was down 37 points at 7449.

Merck

(MRK) - Get Report

and

Pfizer

(PFE) - Get Report

, which might part ways with some of its animal-health unit in order to complete the planned

Wyeth

(WYE)

acquisition, had the biggest declines of the 18 laggards, falling more than 4% each.

Image placeholder title

Citigroup

(C) - Get Report

, meanwhile, was one of 12 winners, up 1.3% at $3.12 in the wake of news the bank is looking at a reverse split. Despite the modest boost in the stock, one could

make the argument

that it isn't the best way to shore up confidence or to treat shareholders.

Also on the upside was

General Motors

(GM) - Get Report

, adding 12.5% to $2.97 following a report that a proposal could be unveiled shortly that deals with restructuring the automaker and struggling competitor

Chrysler

.

General Electric

(GE) - Get Report

was another gainer, climbing 3.3% to $10.66, after saying its

GE Capital

finance unit should turn a profit in the first quarter and for the full year.

Now we haven't heard

this

in a while, have we?

Microsoft

(MSFT) - Get Report

was up 11 cents, or 0.7%, at $17.07 on word it, yes, brace yourself, might still be interested in some kind of tie-up with

Yahoo!

(YHOO)

.

This story is seriously going to contend for the title of Longest Discussed, but Never Actually Done Deal if something doesn't happen soon. Remember, this has been going on since February of last year. Maybe I'm the only one who's tired of the speculation.