Surging Oil Prices Singe GE Aerospace

Soaring oil prices are weighing on shares of aviation suppliers, with GE Aerospace taking the sharpest hit. The engine maker’s stock was down about 3% at midday, trading at $308.50, extending a nearly weeklong slump. The selloff highlights how energy-driven input costs and broader market risk sentiment can quickly flow into industrial and aerospace names. Other commercial and military suppliers such as Honeywell were also pulled lower in the same session, according to the report. With GE already in a declining stretch, investors will likely be watching whether the pressure eases alongside oil prices.