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Oct 30, 2014

Futures point to lower open despite strong GDP report

NEW YORK, Oct 30 (Reuters) – U.S. stock index futures
pointed to a slightly lower open on Thursday despite a reading
on third-quarter economic growth that was stronger than
expected.

Gross domestic product grew at a 3.5 percent annual rate in
the third quarter, beating expectations for a pace of 3 percent,
though down from the 4.6 percent rate in the second quarter.

Oct 30, 2014

European bank ADRs among biggest premarket movers

NEW YORK, Oct 30 (Reuters) – U.S.-listed shares of major
European banks were among the biggest movers of the premarket
session on Thursday, continuing to see weakness ever since the
results of the European Central Bank’s stress tests were
published over the weekend.

The Euro STOXX banking index fell 2.9 percent and is
down 6.6 percent so far this week, putting the index on track
for its biggest weekly decline since September 2012.

Oct 30, 2014

Futures lower, investors look ahead to GDP data

NEW YORK (Reuters) – U.S. stock index futures were slightly lower on Thursday as investors looked ahead to a report on economic growth and continued to digest recent comments from the Federal Reserve.

* An advance read on third-quarter gross domestic product will be released at 8:30 a.m. (1230 GMT) and is seen showing economic growth slowed to 3 percent from 4.6 percent in the second quarter. The level of growth, which is expected to have been boosted by business spending, will be especially scrutinized a day after the Federal Reserve ended its stimulative bond-buying program.

Oct 29, 2014

Wall St ends with modest decline after Fed

NEW YORK, Oct 29 (Reuters) – U.S. stocks closed with slight
losses on Wednesday, finishing off their lows of the session,
after the Federal Reserve ended its stimulative monthly
bond-buying program and expressed confidence in U.S. economic
prospects.

Major indexes were volatile following the central bank’s
statement, with the S&P 500 down as much as 0.8 percent before
pulling back. Material shares were lower throughout
the session, a decline in Facebook pressured the Nasdaq, but
strength in energy and financial shares helped the market
recover.

Oct 29, 2014

Wall St declines after Fed ends bond-buying program

NEW YORK, Oct 29 (Reuters) – U.S. stocks fell on Wednesday,
adding to their earlier declines after the Federal Reserve ended
its monthly bond purchase program, as had been expected.

The day’s losses were broad, with all 10 primary S&P 500
sectors lower on the day. Material shares led the
decline, falling 1.6 percent, while energy stocks
reversed an earlier advance to turn down by 0.3 percent.

Oct 29, 2014

Wall St edges lower ahead of Fed, Facebook tumbles

NEW YORK, Oct 29 (Reuters) – U.S. stocks fell in a broad
decline on Wednesday, with material shares leading the market
lower as investors looked ahead to a statement from the U.S.
Federal Reserve as it winds down its economic stimulus program.

Strength in energy shares helped to offset some of the
weakness in materials, though the tech-heavy Nasdaq was
pressured by a slump in Facebook as investors fretted over its
spending plans.

Oct 28, 2014

Wall St jumps 1 pct, S&P ends above key level

NEW YORK, Oct 28 (Reuters) – U.S. stocks rose more than 1
percent on Tuesday, with the S&P 500 ending above its 50-day
moving average for the first time in almost a month as strong
earnings eased concerns about the outlook for corporate America.

The gains were broad, with all 10 primary S&P 500 sectors up
on the day. Energy stocks were the day’s biggest
gainers, up 2.2 percent, while the Philadelphia SE Oil Service
index gained 3.4 percent.

Oct 23, 2014

Industrials lead Wall St sharply higher

NEW YORK, Oct 23 (Reuters) – U.S. stocks surged on Thursday,
with major indexes up more than 1 percent in a broad rally, as
strong results from industrial bellwethers reassured investors
that corporations continue to fare well despite concerns about
global economic growth.

The advance continued a recent bout of strength for
equities. The S&P 500 has posted a gain of 0.9 percent or more
in four of the past five sessions, putting it less than 3
percent from its record close. After a four-week string of
declines, the S&P is up 3.5 percent this week, on track for its
biggest weekly advance since January 2013.

Oct 23, 2014

Wall Street jumps 1 pct in broad rally on results

NEW YORK, Oct 23 (Reuters) – U.S. stocks surged on Thursday,
with major indexes up more than 1 percent in a broad rally as
strong results, including from two Dow components, reassured
investors that corporations continue to fare well despite
concerns about global economic growth.

The advance continued a recent bout of strength for
equities. The S&P 500 has posted a gain of 0.9 percent or more
in four of the past five sessions, taking it within 2.8 percent
of its record close. After a four-week string of declines, the
S&P is up 3.6 percent this week, putting it on track for its
biggest weekly advance since January 2013.

Oct 23, 2014

Wall Street rallies on Caterpillar, 3M results

NEW YORK, Oct 23 (Reuters) – U.S. stocks jumped 1 percent on
Thursday as a number of strong results, including from a pair of
Dow components, reassured investors that corporations continued
to fare well despite concerns about global economic growth.

Shares of both Caterpillar Inc and 3M Co
rose following their results, with heavy machinery maker
Caterpillar also raising its full-year profit view.
Caterpillar was up 4.2 percent at $98.31 while
3M added 4.3 percent to $144.95.