- Stocks closed out a big October with modest losses in quiet trading, as investors sorted out generally upbeat corporate earnings against the potential for the Fed to taper its stimulus efforts before year's end.
- The market could continue to treat positive economic news as bad for stocks; today's session hit its low point when the Chicago PMI registered its largest one-month spike in more than 30 years.
- Stocks also may have been weighed late by news of Israeli airstrikes on Syria.
- Consumer discretionary stocks led gainers, supporting by media names after Time Warner Cable (+2.8%) beat earnings estimates, and internet retailers after Expedia's (+18%) big quarter.
- The yield on the 10-year Treasury note rose to 2.542%, while the dollar rose against major currencies; gold and crude oil futures both fell.
Stocks pull back down the stretch, but October is a big gainer
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