GE Soars, Even as Stock Market Gets Crushed; Here Are 2 Other Big Earnings Winners
Just when it looked like the stock market might escape October without one of its historical downturns, the last week of the month has proven to be a scary one. After having shown cracks earlier in the week, major market benchmarks finally capitulated with substantial losses on Wednesday morning.
The reality that the U.S. is failing to check the coronavirus pandemic now has market participants worried about the potential consequences for the economy. Shortly after 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 807 points to 26,656. The S&P 500 (SNPINDEX: ^GSPC) dropped 97 points to 3,293, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 331 points to 11,100.
It wasn't that long ago that many investors had given up on General Electric (NYSE: GE). But even though the conglomerate was kicked out of the Dow, GE was one of the only bright spots in the market Wednesday morning. In addition, Community Health Systems (NYSE: CYH) and Tupperware Brands (NYSE: TUP) had noteworthy gains tied to earnings reports.
Source Fool.com
