A record-breaking streak came to an end with the Dow Jones Industrial Average giving in to General Electric Co.'s (GE) worst day in years. The Dow and S AND P both closed lower after five straight days of record finishes.
GE suffered its worst percentage decline since August 2011 after a string of analyst downgrades. Morgan Stanley and UBS each reduced their stock rating, while Cowen cut its price target. On Friday, GE reported its first earnings miss in two-and-a-half years.
Halliburton Co. (HAL) declined even after topping profit and sales estimates. The oil services and equipment company said its North American business was a point of strength and that its international business "proved resilient" even in tough conditions.
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