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Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to 0.17 in September from minus 0.37 in August. sales of new single-family houses in September 2017 were at a seasonally adjusted annual rate of 667,000, beating market consensus. new orders for manufactured durable goods in September increased 5.1 billion dollars or 2.2 percent to 238.7 billion dollars, well above market consensus of a 1.0-percent gain. Composite PMI Output Index increased from 54.8 in September to 55.7 in October. The seasonally adjusted IHS Markit Flash U.S. real gross domestic product (GDP) increased at an annual rate of 3 percent in the third quarter of 2017, beating market consensus of 2.5 percent, according to the advance estimate released by the Commerce Department Friday. The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the third quarter of 2017 are expected to rise 6.7 percent year on year, while the revenues are forecast to increase 5.1 percent. and Advanced Micro Devices, Inc., posted lackluster quarterly earnings due to various reasons. Shares of those four companies all ended sharply higher Friday after the releases.Įarlier in the week, four Dow components-Caterpillar Inc., 3M Company, Boeing Company and United Technologies Corporation-also delivered better-than-expected quarterly reports.īucking the trend, some companies, including Chipotle Mexican Grill, Inc. all reported robust third-quarter results. It was a big week of the earnings reports, with about a third of the S&P 500 companies reporting quarterly results during the week.Īfter Thursday's closing bell, four big tech giants - Inc., Google parent company Alphabet Inc., Microsoft Corp. stocks posted gains for the week as investors digested a slew of generally upbeat quarterly results amid economic data. Stocks Tick up on Upbeat Earnings Reports-Oct 28