GE results rattle Toronto stocks

Fri Apr 11, 2008 9:41am EDT
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TORONTO, April 11 (Reuters) - Toronto's main stock market index dropped more than 100 points at the open on Friday as disappointing results from U.S. bellwether General Electric GE.N stoked worries that the worst of the global economic woes were far from over.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 109.53 points, or 0.8 percent, at 13,800.05.

All 10 of the TSX index's main groups were down with the resource-laden materials group down 1 percent and the heavily weighted financial group off 1.3 percent. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Renato Andrade)