How major USA stock indexes fared on Thursday

Prepared When the Market Cools Off

The Standard & Poor's 500 closed at 2,550.93 for a loss of 4.31 points or 0.17%. The Nasdaq Composite Index decreased 12.04 points, or 0.18 percent, to 6,591.51. However, investors were concerned about the banking giant's 27-percent year-over-year decline in fixed income trading revenue.

The focus will now shift to JPMorgan Chase and Citigroup, which report results on Thursday, with analysts warning that bank results will largely be held back by a lack of volatility, compared with a year earlier.

The Dow is up 3,078.41 points, or 15.6 percent.

The shares fell almost 1 percent, but are still up 11 percent this year. "There's kind of a general feeling that things are better than they have been, and that's being reflected in the earnings season", he said. Other cable and satellite TV companies also stumbled.

But that type of hedge fund strategy - expect 80% losers and 20% big winners - isn't the best way to go for individual investors.

Equities have risen sharply this year, with the S&P 500 advancing 14 percent in that time period.

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Potash Corporation of Saskatchewan (USA) (POT) EPS Estimated At $0.12
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The S&P index inched up 0.2 per cent and hit an all-time mid-day high.

"There are two factors pushing the market higher", said Zhiwei Ren, managing director and portfolio manager with Penn Mutual Asset Management.

Still, the data was below estimates on both counts and failed to move year-on-year core inflation for the fifth month, putting no new pressure on the Federal Reserve to tighten borrowing costs. The second one is positioning.

In a separate report, the department said the advance figure for seasonally adjusted initial claims was 243,000 in the week ending October 7, a decrease of 15,000 from the previous week's revised level. Six of the 11 major S&P indexes were lower, led by a 0.6 percent drop in telecom services index.

Treasury yields slipped on Thursday. Retail sales, meanwhile, gained 1.6 percent, while analysts polled by Reuters expected a gain of 1.7 percent.

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