A monthly survey from the University of Michigan shows that consumer confidence improved faster than expected last month, even as a separate Federal Reserve report shows that manufacturers are mired in a slowdown.
GE will take months and months to build out a proper base that can support a sustained move.
GE shares initially were down after releasing its outlook but regained that lost ground before the open.
GE is fined $57 million for failing to generate 1,000 net new jobs in Alstrom's energy business.
Could there be more M&A this year than Wall Street had thought? Also, GE's quest for more liquidity took another baby step Monday.
GE could move up relatively easily until the $11.50 area.
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