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.

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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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