Stocks Slip, But Still Post Big Monthly Gain

NEW YORK (October 31, 2013) Stocks ended the day Thursday slightly lower, but still finished October with a gain.

The Dow Jones industrial average fell 73 points, or 0.5 percent, to end at 15,545 points Thursday.

The Standard & Poor's 500 index fell six points, or 0.4 percent, to close at 1,756.

The Nasdaq composite fell 10 points, or 0.3 percent, to end the day at 3,919.

The S&P 500 rose 4.5 percent in October, its best gain since July, despite uncertainty caused by the U.S. government shutdown and the near-breach of the nation's borrowing limit.

Kraft Foods and MetLife fell after their profits missed Wall Street's forecasts.

Avon Products plunged after saying that the Securities and Exchange Commission is proposing a much larger penalty to settle bribery allegations than it expected.

Avon's profit also missed analysts' forecasts.


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