US stocks rose on Wednesday, driven by gains in bank stocks, while shares in General Electric fell after the company revealed a regulatory investigation of a multibillion-dollar insurance charge.
GE shares were down 1.
8 per cent in morning trading, reversing course from premarket.
The company in its earnings report forecast further weakening of its troubled power business and reported a $10 billion loss and a 5-per cent fall in revenue.
"Clearly, GE is in the midst of a rather dramatic restructuring, so there's a lot.....