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FT.com: World markets soured by poor GE results

World stock markets slumped and the dollar fell on Friday after first quarter results from industrial bellwether General Electric missed analysts’ estimates, re-igniting concerns for corporate profits amid ongoing financial market turmoil and fears for the US economy.

GE shares, which had rallied in anticipation of the results, were the leading fallers in the S&P500, sliding 11 per cent to $32.63 in early trading - their steepest drop since October 1987.

G.E. on the N.Y.S.E. - G.E. stocks