U.S. stocks skid as GE tumbles and technology companies fall

NEW YORK — Industrial and technology

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companies and retailers all stumbled Monday as U.S. stocks began the week with losses. General Electric suffered its worst one-day loss in six years following downgrades from analysts.

After a mixed start, stocks turned lower in afternoon trading. GE’s struggles weighed on industrial companies, while big technology companies liked Facebook and Alphabet sank. Toy companies Hasbro and Mattel tumbled after Hasbro’s sales forecast disappointed Wall Street and familiar consumer companies like Amazon and McDonald’s also slumped. Investors did far more selling than buying as a seven-day winning streak ended. It was the worst day for stocks in about seven weeks, but it was still a fairly small decline, as almost nothing has seriously rattled investors this year.

http://www.mercurynews.com/2017/10/23/us-stocks-mixed-as-retailers-rise-and-industrial-firms-skid/