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Stocks Plunge as GE Disappoints

Stocks plunged on Friday after General Electric reported much weaker than anticipated results, and lowered its earnings forecast for 2008, and consumer sentiment fell to a 26-year low.

Dow and S&P Set New Record Highs

Stocks remained upbeat through Friday’s session with the Dow and S&P indices hitting new records today. Investors cheered reports that showed an increase in job numbers and manufacturing data.