Wall Street opened in red on Friday, led down by disappointing quarterly results. However Google , Bank of America (BofA) and General Electric ( GE) tried to have failed to offset the strong figures, however.
A few minutes after the start of trading, the Dow Jones was down 0.11% at 11,132.86 points, the Standard & Poor’s 500 by 0.19% to 1209.40 points and the Nasdaq Composite 0.36% 2506.62 points.
Google fell more than 5%, the market has been accustomed to perform better than those released Thursday evening, however, exceeded expectations of analysts.
Bank of America lost 1.18%. In the wake of JPMorgan on Wednesday, the banking group has yet reported a higher profit than analysts’ expectations in the first quarter, indicating that five of its six segments were profitable in the first three months of the year.
GE is also penalized with a drop of 1.38%, while the conglomerate also reported a better than expected earnings in the first three months of the year, and believes can revise upward its forecast an annual output unchanged in 2010.