Thursday, October 31, 2013 5:45 pm
News Summary: No stock market jinx this October
The Associated Press
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.