Daily Market Wrap: October 26, 2012 Friday, October 26, 5:02 PM ET
It was a mixed day on Wall Street, despite a better than expected economic growth report.
The Commerce Department said the country's gross domestic product grew by 2 percent from July to September, beating expectations for a growth rate of 1.9 percent.
Meanwhile, the consumer sentiment index rose to 82.6 for October, according to a reading from Thomson Reuters and the University of Michigan.
Although that number fell short of expectations, it was 5.5 points higher than last month.
Shares of Amazon (NASDAQ:
AMZN) rose as much as 5 percent after the online retailer posted a smaller operating loss than analysts had forecast.
CMCSA) reported earnings which were in line with expectations while the company managed to bear revenue forecasts.
On Monday, we'll take a look at earnings from Burger King (
BKC) and Baidu (NASDAQ: BIDU).
For Marketnewsvideo.com, I'm Sayoko Murase.
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Friday Sector Leaders: Shipping, Specialty Retail Stocks
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Friday's ETF with Unusual Volume: LIT
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Friday's ETF Movers: XPH, GDXJ
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Daily Market Wrap: October 26, 2012
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