Early Friday, China reported its economy grew 7.8% during the third quarter, the strongest performance since the end of last year. That's helping ease fears of a hard landing and puts the world's second-largest economy on track to meet its official growth target for 2013.
In other earnings, Morgan Stanley (Fortune 500), the last of the big banks to report, posted earnings and revenue that topped forecasts. ,
General Electric (Fortune 500) reported a slide in quarterly earnings, dragged down by restructuring expenses. ,
Schlumberger ( reported double-digit profit gains, fueled by offshore and Canadian drilling. )Honeywell (Fortune 500) is also scheduled to report. ,
Beyond earnings, HSBC said it will appeal after being ordered to pay at least $2.5 billion in damages after losing a U.S. class action case against Household International, a mortgage and credit card company that it bought in 2002.
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|30 yr fixed||4.26%||4.48%|
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