[BRIEFING.COM] The indutrial sector is outpacing every other major sector in the S&P 500 as it spikes to a 6.5% gain. General Electric (GE 10.91, +0.74) is a primary leader among industrial stocks; the company recently confirmed it will team up with Intel (INTC 15.88, +0.85) to develop and market health care technologies. The alliance was somewhat expected after The Wall Street Journal reported yesterday that the two companies were planning a collaboration.
Though GE does not directly benefit from the FASB's decision to relax mark-to-market accounting rules, the positive headline has helped induce more broad-based buying. That buying effort continues to benefit shares of GE, which have been climbing up from their 52-week low for the past month. GE's share price recently crossed above its 50-day moving average.
