Closing Bell: Stocks Seesaw on GDP Report (FSLR, PWER, HAL, FMR, VVUS

Filed under: S and P 500, DJIA

Stocks opened lower this morning before getting a boost from the report that US GDP growth in the third quarter tallied an expected 2%. Then a report on consumer confidence sent the market sharply lower before it rebounded again to positive territory before heading slightly lower again.



On this final trading day of October -- and the 81st anniversary of the crash of 1929 -- stocks are poised to maintain their gains for the month. The DJIA is up about 3% in the month, while the S&P 500 is up 3.7%. The dollar weakened slightly today, down 0.1% against a basket of six other currencies. All eyes are now focused on next Tuesday's elections and Wednesday's meeting of the Fed's open market committee.

Here were the numbers shortly before US markets close for the day:

DJIA 11,106.60 -7.50 -0.07%

S&P 500 1,183.24 -0.54 -0.05%

NASDAQ 2,510.62 +3.25 +0.13%

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Closing Bell: Stocks Seesaw on GDP Report (FSLR, PWER, HAL, FMR, VVUS originally appeared on BloggingStocks on Fri, 29 Oct 2010 16:40:00 EST. Please see our terms for use of feeds.

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