For the month, the Dow logged its best October since 2006, rising 3%. The S&P gained 4%, its best October since 2003; the Nasdaq jumped 6%.
Online PR News – 31-October-2010 – – But the month ended on a quiet note Friday. The Dow Jones industrial average inched up 5 points, the S&P 500 ticked down less than a point, and the Nasdaq rose less than a point.
A report on third-quarter GDP early Friday showed the economy grew at a sluggish pace in the third quarter, signaling that quantitative easing from the Fed is still on its way. But speculation about how far the Fed will go to boost the economy, along with the highly-anticipated Nov. 2 elections, has kept stocks in a tight range this week.
Markets ended flat Thursday after a strong start gave way to trepidation.
Economy: A mixed bag of economic data Friday contributed to the skittishness.
Ahead of the opening bell, the government issued its first look at third-quarter gross domestic product -- the broadest measure of the nation's economic activity. The government reported that GDP rose at an annual rate of 2% in the third quarter, slightly higher than the 1.7% rate in the prior three months. The result was slightly above the 1.9% rate forecast .
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