GE’s long-awaited breakup plan has arrived. And the market has oddly yawned.
The struggling industrial giant said Tuesday it will spin-off its healthcare business and divest its stake in oilfield services play Baker Hughes. It also plans to “adjust” its dividend when the spin-off is completed.
Meanwhile, the market will have a tough time rebounding from Monday’s selloff and many hot areas are starting to technically breakdown. One area is the semiconductor stocks, namely Micron, Nvidia and Advanced Micro Devices .
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