Hour of Panic: GE Plunged 21% and Markets Flirted With Abyss

General Electric Co.'s Aviation Test Facility Ahead of Earnings Figures

Photographer: Luke Sharrett/Bloomberg

More than $50 billion of market value was erased from the world’s 10th biggest company. A gauge of market stress got too jammed up to function. The largest technology stocks recorded a correction -- in the space of a few seconds.

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