Stocks Make Half-Hearted Apology For Yesterday

After yesterday’s horror show, the stock market battled back with the major averages gaining between 3%-4%. For a few moments there, it looked like the wheels were going to come off, early in the afternoon after GM (GM) threw a wet blanket on the party with its November sales report.

Financials made up ground, but again, not nearly all of yesterday’s losses. The big loser in the bunch: Goldman (GS) which didn’t recover from the blockbuster story that it could lose $2 billion this quarter.

GE (GE) was a big winner after it affirmed its dividend, its commitment to financial services and its AAA credit rating.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In