Losses at Us Giants Hit Footsie ; Day in the City

Summary


The FTSE 100 Index dipped into negative territory today after poor earnings from US groups General Electric and Bank of America knocked investor confidence.

The Footsie closed down 32.7 points at 5190.2 after hitting a new 13-month high earlier in the session, dragged lower by a one per cent fall on Wall Street's Dow Jones Industrial Average.

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Extract


Losses at Us Giants Hit Footsie ; Day in the City

Bank of America said it lost more than two billion US dollar...

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