Wall Street tumbles; Dow down 256 points

Dark clouds hovered above Wall Street as stocks tumbled the most in three weeks. After General Electric results stunned investors by reporting a decline in profit and consumer confidence fell to lowest level since 1982 in April, according to an University of Michigan survey.

G-E, dropped the most in 20 years after first-quarter earnings slumped 12 percent because of failed asset sales and losses at its finance businesses. The stock plunged 13 percent, largest since black Monday in 1987 when the stock shed 17.5 percent.

In economic data the April University of Michigan confidence survey fell to 63.2 from 69.5.

The Dow plunged 256.56 points, or 2.04%, to 12,325.42. The Standard & Poor's 500 index slipped 27.72 points, or 2.04%, to 1,332.83, and the Nasdaq composite index tumbled 61.46 points, or 2.6%, to 2,290.24.

A look at how the Indian ADRs performed: