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US stocks mostly higher; GE rises on finance deal

New York - US stocks opened mostly higher on Tuesday as General Electric announced a $12bn deal to sell its private equity finance arm to a Canadian buyer.

Five minutes into trade, the Dow Jones Industrial Average was at 17 793.71, up 27.16 points.

The broad-based S&P 500 added 0.13% at 2 081.95, while the tech-rich Nasdaq Composite Index fell 0.09% to 5 017.13.

Dow member GE was up 0.3% after announcing the sale of a pair of finance assets to the Canada Pension Plan Investment Board for $12bn. GE in April announced plans to sell most of its banking business to refocus on heavy industry and infrastructure.

Equity markets in Britain, France and Germany were all lower as Greece submitted a new reform plan to creditors while Prime Minister Alexis Tsipras warned the lack of a deal would lead to the collapse of the eurozone.

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