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10 years ago

Wall Street Suffers Worst Loss in Four Months After Disappointing Earnings

IBTimes
IBTimes
Wall Street fell on Friday after disappointing earnings from General Electric Co. and McDonald’s Corp.
GE fell 3.4 percent to $22.03 and McDonald's slid 4.4 percent to $88.85.
U.S. stocks suffered their worst loss since late June on what was the 25th anniversary of the Black Monday crash of 1987, when the Dow plummeted 22.6 percent - its worst single-day percentage loss ever.
World stocks were down on U.S. corporate earnings and while concerns about global growth also weighed on investor sentiment.
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