The three most active funds and stocks in pre-market trading on the NYSE were iShares FTSE China 25 Index Fund
(NYSEARCA:FXI), General Electric
(NYSE:GE), and BHP Billiton
(NYSE:BHP) as of 9:05 a.m.
2.71 million shares of
iShares FTSE China 25 Index Fund, which was down $0.06, or 0.15%.
Investors exchanged 1.78 million shares of
General Electric, which was down $0.56, or 2.46%
. According to Bloomberg
, General Electric has cut its full-year revenue-growth forecast from 5% to 3% after quarterly sales trailed analysts' estimates. Sales for its third-quarter grew 3% from the prior-year quarter to $36.6 billion. Analysts had expected sales of $36.9 billion. GE cited lower demand for equipment, such as medical scanners and jet engines.
Investors also traded
1.09 million shares of BHP Billiton, which was up $0.26, or 0.36%
. BHP Billiton CEO Marius Kloppers has declared
that Australia's mining boom is over. BHP Billiton is the world's largest resources and mining conglomerate.
(Also see Pre-Market Primer: Blue Chip Companies Miss on Earnings, Europe Inches Toward Banking Union
No positions in stocks mentioned.