Stocks drop 3 percent on earnings and data
Stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling.
Google Inc shares fell more than 6 percent a day after it missed Wall Street's quarterly profit estimates for the first time in two years, further weighing down the Nasdaq Composite.
The Dow Jones industrial average <.DJI> dropped 268.60 points, or 2.59 percent, to 10,090.71. The Standard & Poor's 500 Index <.SPX> fell 31.99 points, or 2.92 percent, to 1,064.49. The Nasdaq Composite Index <.IXIC> lost 69.00 points, or 3.07 percent, to 2,180.08.
(Reporting by Rodrigo Campos; Editing by Jan Paschal)
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