Why General Electric Stock Popped 4.4% on Election Day
The stock markets were ebullient in Tuesday trading, with the S&P 500 closing 1.8% higher on investor relief that finally, election season is over -- and the campaign ads are at an end. Shares of General Electric (NYSE: GE), maker of airplane engines and gas turbines, and industrial bellwether, raced ahead of the market and booked a gain twice as big, up 4.4% at the closing bell.
Contrary to what you might think, GE's gain may not be tied to the election results at all (which are, after all, still unknown).
Image source: Getty Images.
Source Fool.com
