GE’s stock hit by report that engine sales to China could be blocked
Shares of General Electric Co. GE, -0.85% dropped 1.8% in premarket trading Tuesday, after The Wall Street Journal reported over the weekend that the Trump Administration is considering a proposal to block GE's joint venture with France-based Safran S.A. SAFRY, +0.03% SAF, -0.24% from selling jet engines to China. GE's stock is on track for a third-straight decline--it has lost 2.5% over the past two sessions--since closing at a 19-month high of $13.16 on Feb. 12.
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