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The Journal Gazette

Thursday, October 31, 2013 5:45 pm

News Summary: No stock market jinx this October

The Associated Press

NO JINX THIS YEAR: The stock market didn't fall victim to what The Stock Trader's Almanac refers to as "the jinx month." The Standard & Poor's 500 gained 4.5 percent in October and is 23.2 percent higher for the year. Some of Wall Street's biggest crashes have occurred during the month.

SEC CALLING: Avon slumped after the beauty products company reported a third-quarter loss and said that the Securities and Exchange Commission is proposing a much larger penalty than it expected to settle bribery allegations.

EARNINGS: More than two-thirds of the companies in the S&P 500 have reported third-quarter earnings. Despite some disappointing reports on Thursday, most companies have beaten analysts' expectations and earnings growth is forecast to reach 5.3 percent this quarter, according to S&P Capital IQ.