$General Electric(GE.US)$ Shares of GE rallied after CNBC’s David Faber reported that the legendary company would be splitting into three companies focusing on aviation, healthcare and energy. The stock soared more than 12% in premarket trading.

Economists surveyed by Dow Jones are expecting producer prices to have risen 0.6% month over month in October. The consumer price index is also expected to show a 0.6% jump compared to the prior month.