Why Shares of General Electric Are Up Today
Shares of General Electric (NYSE: GE) traded up more than 5% on Wednesday afternoon, joining a broader market rally following a Georgia Senate election that should mean the end of the 2020 U.S. political season. The market believes a Democratic sweep in Georgia could lead to a boost in infrastructure and green energy spending, and that's helping to give GE a lift.
After a difficult few years, General Electric appears to be slowly getting its house back in order, and there are some strong potential tailwinds that should lift the stock higher in 2021.
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Source Fool.com
