Summary
Markets fell last week after Wall Street edged its way into the earnings season. As our session ended April 11, Alcoa reported a 54- percent decline in first-quarter earnings, and Advanced Micro Devices announced a 15-percent drop in sales for the quarter. GE was the big kicker, though: the market bellwether that reported a 6- percent decline in earnings on the day our trading session ended.
GE's numbers started a sell-off that ended with the Dow industrials off over 250 points for the day, and investors worried about earnings reports to come. A consumer confidence reading released on the same day showed results at a 26-year low.See the full content of this document
Extract
Journal Record Stock Index Rises As Markets Crumble
"In the fourth quarter of last year the financials continued to tell us bad news and the rest...
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