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The market closed flat on Thursday and stocks continue this trend into Friday afternoon. Corporate third quarter results continue to report better than expected earnings but mixed affects on stocks. Multiple reports were anticipated today on the economic calendar. The government released the initial results of its third quarter gross domestic product (GDP). The GDP is used to measure the nations economic activity. The government reports the third quarter GDP rose at an annual rate of 2%. This was higher than the last report three months ago at 1.7%, but indicates growth at a sluggish rate. The Bureau of Labor Statistics reported the compensation for civilian workers increased 0.4% in the third quarter. The Michigan consumer sentiment index was reported to decline from 67.9 last month to 67.7, falling short of the anticipated 68. Investors report increased uncertainty at this time with so many mixed third quarter results and they continue to speculate what measures the Fed will take and how the Nov. 2 elections may affect the economy. Until there are some definitive answers, reports indicate the market will continue to be choppy. Currently the markets are in the green approaching close. NASDAQ is up 9.83 points to 2,517.19. S&P 500 is up 1.18 to 1,184.96. DJIA is up 8.77 to 11,122.72. The Treasurys 10-year yield is down 0.04 to 2.62%. Oil is down 1.02 to $81.18 a barrel. Author: Pamela Frost
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