[US STOCKS MIXED AGAIN] i
By[US STOCKS MIXED AGAIN] in more churn ahead of next week's FOMC and
expected QE restart. Nasdaq outperforming at +0.2%, with better results
from MSFT. Dow and S&P are fractionally off, with former hurt by weaker
Merck qtrly results. That is dragging down the broader healthcare in
otherwise mixed sector flow. Financials sporting modest losses on weaker
results from some insurance cos. Consumer and industrial stocks not doing
much better. Q3 ECI and GDP data show weak wage/income growth while 2% GDP
clip is barely above stall-speed and underpinning view of needed stimulus
to help bring down unemployment. Material stocks up amid weaker Usd but
energy stocks lower, with oil below $ 81 on modest GDP rate. Mkt internals
again show down-stocks about equal to winners in below norm volume,
suggests big funds not willing to take major new bets pre-weekend
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