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Friday, January 23, 2009

Wall Street January-23 2009


Wall Street Extends Slide on Economic Worries
Stocks slid Friday for a second day as corporate earnings reports continue to fall in short of estimates and stir fears about the extent of the recession. Investors were disappointed by General Electric Co.'s fourth-quarter results. While results met Wall Street's lowered expectations, investors were still uneasy over a 46 percent drop in earnings. The stock fell 4 percent.

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