Elise Slides; GE Aerospace and GM Report
Episode 4 min 39s

Elise Slides; GE Aerospace and GM Report

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite.

- GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices.

- General Motors (GM) shares are lower after the company narrowed its full-year profit forecast and will buy back another $20 billion in stock, reflecting strong cash flows. General Motors reported higher profit and revenue in the latest quarter despite selling fewer cars.

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