Market Snapshot: Dow falls as GE results outweigh Microsoft’s record

U.S. stocks traded lower on Friday after the latest batch of key corporate earnings raised new concerns about whether the pace of economic activity was justifying equity valuations.

General Electric Co.GE, -1.51% sank 1.8% to $28.56 after the industrial conglomerate reported weaker-than-expected revenue growth in its latest quarter. The stock was on track for its biggest one-day decline since early September and was trading at levels last seen in February.

“When a bellwether like GE gives a tepid—if not grim—outlook for economic activity, investors are going to react to that, and pretty negatively,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

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