General Electric was trading down in pre-market action this morning while the rest of the market was trading up. Of course, that could shift by the time the opening bell rings at 9:30 a.m. ET.
My guess is that higher oil prices are weighing on the stock.
However, there were allegations of sex scandal in a GE division reported last night. NBC talk show host Maury Povich and some of the show's producers are being sued for $100 million for sexual harassment. Spokespeople for the show and for NBC Universal denied the rather sordid allegations.
I doubt that's affecting GE's stock price, but it is more bad news for beleaguered NBC.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
