General Motors makes biggest drop on market

Macau News.Net
Thursday 3rd July, 2008

In the US, General Motors has plunged 74 percent in the past nine months, giving the Dow Jones Industrial Index its biggest stock decline.

Citigroup, American International and Bank of America have each tumbled more than 50 percent.

Earnings at financial firms and consumer companies reliant on discretionary income have slumped 56.5 percent and 19.9 percent, respectively.

The Dow stock index, which is owned by Rupert Murdoch's News Corp, is intended as a measure of leading US blue-chip companies.

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