Stocks have been rising recently, for several straight sessions. This is due to two big investors' expectations for the first week of november: first, that the Fed will start purchasing assets again and second that the Republicans will win midterm elections. There are few important reports coming out next week too. Among them are third quarter GDP, housing and consumer sentiment reports. The consumer confidence index is expected to have increased to 49 from 48.5. Also even though, sock market is doing good, it doesn't mean that economy is recovering yet.
Among other reports to be released next week are reports on order of durable goods, release of weekly jobless claims and Microsoft's release on its earnings data.
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