GE shares bounce back a day after allegations of Enron-like fraud


General Electric Co. on Friday gained back a large chunk of the billions of dollars in market value that it had lost a day earlier, as Wall Street analysts appeared to reject an investigator’s claims that GE is engaging in massive accounting fraud.

The Boston-based company’s (NYSE: GE) shares were up 8.6 percent on the day as of 2:30 p.m. EST, trading at $8.69 per share.

Still, the stock price had not returned to where it was before Harry Markopolos, a private financial investigator who discovered…

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