GE is trading at $312.57 (-3.26%) as surging energy costs and geopolitical tensions trigger a broader selloff in industrial stocks.
- Crude oil prices have spiked past $110 per barrel, fueling stagflation fears and driving major indices down over 1.3%.
- The downward move comes despite GE's recent $1 billion investment announcement for U.S. engine production and domestic job creation.
- Industrials are leading market declines alongside rising VIX volatility as investors react to escalating Middle East conflicts.