Elice Plunges in Trading Debut; General Motors Falls on Forecast | Stock Movers

Elice (KS) plunged 32% in its trading debut, falling as much as 38%, threatening a tentative recovery in Asian stocks and reviving concerns over neoclouds amid rising borrowing costs. GE Aerospace raised its full-year outlook on strong engine demand. General Motors narrowed its profit forecast, announced a $20 billion buyback, and reported higher profit and revenue despite selling fewer cars.