Stocks closed essentially unchanged Friday as mixed economic news and earnings data failed to distract traders from next week’s mid-term elections and Federal Reserve policy statement.
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Stocks closed mixed Friday as another round of solid third-quarter earnings reports was checked by rising anxiety about the dollar. Despite the uncertainty, stocks pulled off their third straight week of gains.
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Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
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Stocks closed mixed Friday as Google’s strong earnings lifted tech stocks but mounting concern over the foreclosure crisis and a revenue miss from GE weighed on financials and the broader market.
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The Dow surged nearly 200 points, while inflation fears propelled gold to another record close.
The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected t…