Weekly Market Wrap: November 1, 2013
Friday, November 1, 3:12 PM ET

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Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for November 1, 2013.

The Dow Jones Industrial Average and S&P 500 trading close to even for the week and Nasdaq trading lower.

Crude oil futures are lower again this week, trading around $95.00 per barrel on Friday afternoon.

And Gold futures are lower this week, trading around $1,314 an ounce in Friday afternoon trading.

In economic news, ADP released its monthly payroll report showing only 130,000 jobs were added in October. In the report, ADP also revised its September figures lower to 145,000 jobs from a previously reported 166,000 jobs.

In corporate news, Merck (NYSE:MRK) reported third quarter earnings of $1.12 billion, or 38 cents per share, as revenue declined by 4% to just over $11 billion. Excluding one-time items, the company would have earned 92 cents per share, topping Wall Street estimates.

Comcast (NASDAQ:CMCSA) reported third quarter earnings of $1.73 billion, or 65 cents per share, as revenue slid to $16.15 billion. Excluding the benefit of Olympics ad sales last year, revenue would have grown by 5% year over year.

Pfizer (NYSE:PFE) reported third quarter earnings of $2.59 billion, or 39 cents per share, as revenue slid to $12.64 billion. Excluding one-time items, the company would have earned 58 cents per share, topping Wall Street estimates.

BP (NYSE:BP) reported third quarter earnings fell to $3.5 billion as daily production total 3.17 million barrels of oil equivalents per day. While earnings were lower in the quarter year-over-year, the company announced it would raise its dividend to 9.5 cents per share and committed to returning more capital to investors over the next few years.

This is the 'Weekly Market Wrap' for Friday November 1, 2013. Please join us on Monday for the Week Ahead Market Report.

For MarketNewsVideo.com, I'm Sayoko Murase.