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GE Defies a Dropping Dow

Dan Carroll
February 13, 2013

The Dow Jones Industrial Average (INDEX: ^DJI) is pulling back once again after yesterday's surge, falling just below the 14,000 mark it has flirted with over the past few weeks. As of 2:15 p.m. EST, the Dow has lost 45 points, or 0.32%, after hitting a five-year high yesterday. There isn't much activity among the Dow's members, and stocks are fairly evenly split between risers and laggards. However, a big sale has catapulted one conglomerated giant to the lead.

GE booms on NBC sale
General Electric
(NYSE: GE) won't let a slow market day stop its gains. Shares of the conglomerate are up 3.2% to lead the Dow after it sold its remaining stake in NBCUniversal to Comcast yesterday, a move that earned it $16.7 billion. GE had sold 51% of NBC Universal to Comcast in 2011, and this move completely rids GE of the network. It's one more step along GE's plan to r