Wall Street Pares Gains After GE Tumbles, Treasury Prices Rise - купить в электронном или бумажном виде

By Stephanie Kelly

NEW YORK, Oct 23 (Reuters) - U.S. stocks on Monday pared gains in late-afternoon trading after losses in General Electric weighed on Wall Street indexes, while U.S. Treasury prices rose in light volume.

General Electric was on track to post its worst single-day loss in more than six years, after a bunch of brokerages cut their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate. The company tumbled 6.4 percent.

U.S. Treasury prices rose in thin volume, tracking gains in the European bond market, as investors added to positions after a selloff the last few days and ahead of this week's debt auctions and a European Central Bank monetary policy meeting.

"Anybody that wanted to sell on the idea that U.S. tax reform was on its way was able to do that last week and get reasonable prices to readjust their positions," said Jim Vogel, interest rates strategist, at FTN Financial in Memphis, Tennessee.

Benchmark 10-year notes last rose 1/32 in price to yield 2.3791 percent, from 2.381 percent late on Friday.

The 30-year bond last rose 1/32 in price to yield 2.8929 percent, from 2.894 percent late on Friday.

Wall Street had opened at record highs following Japanese Prime Minister Shinzo Abe's emphatic win in weekend polls. The victory also sent the dollar to a three-month high against the yen, as investors bet the win would mean a continuation of "Abenomics," the ultra-loose policies that have kept downward pressure on the yen.

The Japanese yen weakened 0.21 percent versus the greenback at 113.77 per dollar.

The Dow Jones Industrial Average fell 2.66 points, or 0.01 percent, to 23,325.97, the S Editing by Nick Zieminski)