Why General Electric, Johnson Controls, and Deere Stocks Dropped on Monday

Why General Electric, Johnson Controls, and Deere Stocks Dropped on Monday

Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well. As of 12:15 p.m. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively. The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good.