Tuesday, April 15, 2008

Stocks Fall Sharply Following GE Results

Wall Street stumbled Friday after the disappointing first quarter report from General Electric Co stoked concern about the health of both corporate profits and the wider economy. The major indexes fell more than 2 percent, with the Dow Jones industrials giving up more than 250 points. A weaker than expected reading showing consumer confidence at a 26 year low subdued any positive sentiment. The stock market has really been volatile and it would be very hard to know what to invest in and when to sell. I don't have any stock so don't have to worry about it, but a great many people do.

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