GENERAL ELECTRIC surprised the street this morning with an unexpected 6% drop in first quarter profits. EPS missed by 7 cents a share. As a result, GE opened this morning down about 11%. If this holds, this will be the biggest one day drop for GE since the 9/11 attacks.
Only twice in its history has GE lost more than 10% in a single day - The first time was on Black Monday in 1987, and the second was the day the markets opened after the 9/11 attacks. Here are the 10 biggest one day percentage drops in GE's history: