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Stocks Turn Lower After FBI Announcement

Jeremy Lutz - MarketClub

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Hello MarketClub members everywhere. Stocks have given back earlier gains after the Federal Bureau of Investigation announced it is investigating new emails related to Democratic nominee Hillary Clinton. The market's reaction was swift dropping -.50% across the three main indexes.

In other news today, the U.S. economy grew at an annualized rate of 2.9 percent in the third quarter as reported by the Commerce Department. The 2.9 percent clip marked the fastest economic growth in two years. Economists had forecasted that the GDP would rise at a 2.5 percent annual rate in the third quarter.

Despite the moderation in consumer spending, the third-quarter rise in growth could help dispel any lingering fears the economy was at risk of stalling. Over the first half of the year, growth had averaged just 1.1 percent.

Key levels to watch this week:
S&P 500 (CME:SP500): 2,169.60
Dow (INDEX:DJI): 18,399.96
NASDAQ (NASDAQ:COMP): 5,340.52
Gold (NYMEX:GC.Z16.E): 1,284.50
Crude Oil (NYMEX:CL.X16.E): 48.63
U.S. Dollar (NYBOT:DX.Z16.E): 96.48

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