Separately, Chrysler said that, on top of previously announced layoffs, buyouts and voluntary retirements, it will drop 25% of its salaried workers starting in November.
As for corporate earnings, following Thursday's close software titan Microsoft(MSFT Quote) reported results that beat estimates but issued a cautious revenue forecast for the coming quarter. Fifth Third Bancorp (FITB Quote) shares were tumbling following a Goldman Sachs downgrade to sell from neutral. Looking at the day's economic data, the National Association of Realtors said that September existing-home sales increased 5.5% to an annualized rate of 5.18 million. Economists were expecting 4.95 million. (Photo gallery: Trading Faces)- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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