The Market Waits For The Fed'S Resolution &Nbsp; On Friday, The Index Has Increased By 0.04%.

As of 4:00 pm Eastern time,

The increase in consumer spending pushed the US GDP growth rate of 2% in the three quarter, even though it was not as good as expected, but it still showed a slow economic recovery. Investors waited for the next week's fed conference and quantitative easing scale, and the market was cautious. On Friday, the US stock went down and the Dow rose 4.54 points, or 0.04%.

On the disk side, public utilities and pharmaceutical sectors led the decline, and raw materials, energy and finance sectors led.

In terms of stocks, Chevron fell 2.18%, Intel -T fell 2.05%, Alcoa rose 3.87%, IBM rose 1.92%, Merck pharmaceuticals fell 1.71%, Microsoft rose 1.46%, Estee Lauder rose 10.5%, Potash rose 1.8%, BHP Billiton fell 0.32%, Halliburton increased 0.57%, Seagate technology rose to 5.52%, and AIG rose, and metropolis life dropped.

The market waits for the Fed's resolution, and oil prices fell 75 cents to $81.38 a barrel on Friday, or 0.9%.

Week hardware price rose 15.10 US dollars to 1357.60 US dollars per ounce, or 1.1%.

Economic data

At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that the US GDP annualized growth rate in the third quarter of this year was 2% (initial value), which was in line with the average expectation of economists. The final growth rate of GDP in the two quarter was 1.7%.

At 9:55 a.m. Eastern time, Thomsen Reuters and University of Michigan jointly announced that the US consumer confidence index fell to 67.7 points in October, less than 68 analysts expected.

The consumer confidence index was 68.2 in August.

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Company news

Chevron Co (CVX), the second largest oil company in the United States, dropped its net profit from 3 billion 830 million US dollars in the same period last year to 3 billion 770 million US dollars, and its revenue increased from 46 billion 600 million US dollars to US $49 billion 700 million. In the current quarter, oil output increased 1% to 2 million 740 thousand barrels per day in.

The company will start from the fourth quarter to buy 500 million to 1 billion dollars in stock every quarter.

Edison international achieved net income of $510 million in the three quarter, up from $403 million in the same period last year. The company also raised its annual profit outlook to $3.45 to $3.60 per share.

The Federal Communications Commission said on Thursday that the US operator Werrison wireless has agreed to pay a fine of $25 million due to the improper receipt of data traffic charges of some users, and the company will compensate the affected users for a total of $52 million 800 thousand.

This is the largest ticket ever received by FCC.

Merck achieved a net profit of $341 million 600 thousand in the three quarter, down 90% from $3 billion 400 million in the same period in 2009, and its current business revenue increased 84% from last year's US $6 billion 100 million to $11 billion 100 million.

Thanks to the sharp rise in oil prices and the growth of the company's output, Total's third largest oil company, the three quarter net profit of the 47% quarter increased by 47%, from 1 billion 900 million euros to 2 billion 800 million euros.

Total said that the increase in output and good performance in chemical business made a greater contribution to profitability. In the third quarter of this year, the oil output increased by 4% and the daily output of oil reached 2 million 340 thousand barrels.

As the cost reduction strategy effectively reduced the negative impact caused by the strike of the crew, British Airways achieved a net profit of 107 million pounds in the six months ended September 30th this year, compared with a loss of 217 million pounds in the same period last year.

In addition, the company achieved operating income of 4 billion 450 million pounds in the current period, an increase of 8.4% over the same period.

Thanks to the improvement of PC market and game industry, SONY resumed profit in the third quarter of this year, and achieved 68 billion 650 million yen ($847 million) in the quarter, compared with a huge deficit of 32 billion 600 million yen in the same period last year.

Despite the price war of competitors and the continuing unfavorable situation of the yen exchange rate, SONY has raised its full year profit forecast from 180 billion yen to 200 billion yen.

As the growth of car sales in the US and Japan successfully suppressed the impact of yen appreciation on export profits, Honda's second quarter profit grew more than two times, and net profit increased from 54 billion yen in the same period last year to 135 billion 930 million yen (about 1 billion 680 million US dollars).

Revenue grew by 9.5% to 2 trillion and 252 billion yen (US $27 billion 900 million).

Honda sold 898 thousand vehicles worldwide in the quarter, up 7.2% over the same period.

The White House issued an emergency statement on Friday saying that UPS and FedEx Corp found two suspicious packages of similar explosives sent to Yemen from the United States.

The parcel has been identified and inspected.

The White House did not point out the contents of the alleged parcel in the statement.