Wall Street mixed, GE weighs on Dow
24-01-2009
US stocks closed mixed overnight, with financials gaining interest but sprawling conglomerate General Electric's grim outlook unnerving investors. The huge conglomerate, considered a bellwether of the US economy, reported that its fourth-quarter net profit fell 44 percent and predicted an "extremely difficult" 2009. The Dow Jones Industrial Average fell 45 points, or 0.56 percent, to close at 8,077. The tech-heavy Nasdaq rose 11 points, or 0.81 percent, to 1,477; and the broad-market Standard & Poor's 500 index edged up 4 points, or 0.54 percent, to close at 831.
