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Stocks of GE, IBM, Others Help Dow Decline.
By Judith Schoolman, Daily News, New York Knight Ridder/Tribune Business News
Apr. 12--Stocks tanked yesterday as disappointing blue-chip profits, fresh accounting woes and cloudy forecasts translated into a 2 percent market decline.
Led by big-name stocks, including GE, IBM and AT&T, the Dow tumbled 205.65 to 10,176.08.
Tech stocks, led by a 16 percent plunge in Yahoo, led the Nasdaq down 41.83 to 1,725.24.
Yesterday's drop was the deepest Dow decline in nine weeks.
Year to date, the Dow is up 1.54 percent but the Nasdaq has dropped 11.5 percent.
Analysts who chart the indexes said the Dow and Nasdaq were nearing ...
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