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: Quote) 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)