Shares of General Electric Co. GE, -2.09% slipped 2.09% to $93.00 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.18% falling 1.18% to 4,513.04 and Dow Jones Industrial Average DJIA, -1.34% falling 1.34% to 34,022.04. This was the stock’s second consecutive day of losses. General Electric Co. closed $23.17 short of its 52-week high ($116.17), which the company reached on November 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Thermo Fisher Scientific Inc. TMO, -1.06% fell 1.06% to $626.15, Medtronic PLC MDT, -1.15% fell 1.15% to $105.47, and Danaher Corp. DHR, -0.60% fell 0.60% to $319.72. Trading volume (8.6 M) eclipsed its 50-day average volume of 7.7 M.