Oil prices rise while GE Aerospace shares fall ~3% midday
GE Aerospace shares were down about 3% midday at $308.50, extending a nearly weeklong slump, amid higher oil prices pressuring aviation suppliers.
Soaring oil prices are weighing on aviation suppliers, with engine maker GE Aerospace taking the biggest hit from the selloff. 50, extending a nearly weeklong decline for the manufacturer. Commercial and military supplier…