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General Electric surges after announcing another spinoff as it leaves the Dow (GE)

General Electric surges after announcing another spinoff as it leaves the Dow (GE)

General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world.

Shares of the once-sprawling industrial behemoth surged as much as 6% in early trading Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years. It also announced a healthcare spinoff on Tuesday.

This after saying it would sell its distributed power business to the private equity firm Advent International for $3.25 billion on Monday.

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