"These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities," said CEO Steve Cahillane.

GE CEO Larry Culp said the group is seeing "plenty of demand", but noted that product delivery remains a challenge amid supply chain disruptions.

Stocks finished lower Wednesday as investors enter June in much the same way they exited May: worried about inflation and eyeing central bank reactions.

Stocks finished higher Friday, snapping a six-day losing streak for the Dow.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.