Market Waiting For G20 Signal &Nbsp; Dow Fell 0.13% On Friday

As of 4:00 pm Eastern time,

Over the past few years, the US stock market has continued to rise, which is mainly due to the quarterly reports of most listed companies are better than market expectations.

Gary Jenkins, head of Evolution Securities's fixed income division, said that 103 Standard & Poor's 500 index share companies released the latest results this week, and 85 of them have exceeded analysts' expectations in the past quarter, and the proportion has reached 81%. On the other hand, only 46 companies have exceeded their analysts' earnings by 44%.

On Friday, finance ministers and central bank governors of the 20 industrial countries and emerging market countries were meeting in South Korea.

The market is closely watching this conference to prepare for next month's G20 summit, hoping to know whether the conference can reach a consensus on controlling the exchange rate so as to cool the so-called "currency war".

In addition, the G20 conference will also discuss proposals in the Basel agreement 3 to raise capital requirements for banks and impose stricter regulations on hedge funds.

The London Metal Exchange's 3 month benchmark copper contract closed at $8335 a tonne on Friday, closing at $8307 per ton on Thursday.

The contract was reported at $8492 per ton on Tuesday, the highest price since July 2008.

The New York Mercantile Exchange's main gold contract fell 50 cents on Thursday to $1325.10 an ounce on Thursday.

The contract opened slightly higher on Friday, followed by repeated fluctuations.

At the end of the trading session, with the rebound of the US dollar, the effective support was lost.

The US Labor Department reported on Friday that the unemployment rate of 23 states in the United States declined in September, of which Massachusetts dropped 0.4 percentage points, while Alabama, Maine and Rhode Island all fell 0.3 percentage points.

The report also showed that the unemployment rate in 11 states rose, with the highest rate in West Virginia, and the unemployment rate increased by 0.4 percentage points.

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A number of companies announced the three quarter earnings:

The report released by us telecom giant Verizon on Friday showed that the net income of the company in the third quarter of 2010 was down 24% from a year ago because of the huge one-off pension cost.

At present, Verizon is the second largest telecom operator in the United States.

According to Verizon's report, between July 2010 and September, the company achieved net income of $881 million, or 31 cents per share, and two data fell sharply compared with the same period in 2009.

In the third quarter of 2009, Verizon achieved a net income of $1 billion 180 million, a share of 41 cents per share.

But excluding the cost of disposable pensions, Verizon's net earnings per share in the third quarter reached 56 cents, 2 cents higher than analysts had expected.

The Schlumberger Corp reported on Friday that the company achieved a net profit of $1 billion 730 million, or $1.38 per share in the third quarter of 2010, and two figures rose sharply compared with the same period in 2009.

In the third quarter of 2009, Schlumberger Corp realized a net income of US $787 million, or 65 cents per share.

Ericsson, the world's largest wireless network device maker, released its latest quarterly report today, showing its net profit in the third quarter was US $553 million, exceeding analysts' expectations.

Ericsson said that the main reason for its net profit exceeding expectations was that mobile phone companies in North America and Japan increased spending in the third quarter.

Swedish truck maker Volvo released its 22 quarter third quarter earnings this year.

According to the earnings data, the company's net revenue reached 2 billion 810 million Swedish Swedish kronor (US $428 million) in the quarter, compared with 2 billion 920 million Swedish kronor in the same period last year.

Volvo's operating income in the quarter exceeded 4 billion 910 million Swedish kronor, its operating margin rose to 7.7%, and its sales increased to 64 billion kronor during the quarter.