STOCKS NEWS US-Stocks at session lows after consumer data

Stocks on the move Real-time Equity news U.S. stock market report 0950 ET 30Oct2009-Stocks at session lows after consumer sentiment data ------------------------------------------------------------------------------ U.S. stocks were near sessions lows early Friday after data on consumer sentiment. Major indexes had briefly pared gains after business activity data showed activities in the U.S. Midwest expanded to their highest level since since September 2008. The Dow Jones industrial average was down 76.71 points, or 0.77 percent, at 9,885.87. The Standard & Poor's 500 Index was down 8.46 points, or 0.79 percent, at 1,057.65. The Nasdaq Composite Index was down 11.70 points, or 0.56 percent, at 2,085.85. Reuters Messaging: [e-mail] 0934 ET 30Oct2009-Chevron Q3 profit hit by oil, refinery weakness ------------------------------------------------------------------------------- Chevron Corp posted a 51 percent drop in quarterly profit on Friday, the latest oil giant to be hit by the steep decline in oil and natural gas prices and the anemic margins for refineries. But the second-largest U.S. oil company behind Exxon Mobil managed to offset part of the drop in energy prices by increasing its oil output and cutting costs during the quarter, helping it beat analysts profit forecasts. Third-quarter net profit fell to $3.83 billion, or $1.92 per share, from $7.89 billion, or $3.85 per share, in the same quarter a year before. The stock gained 0.4 percent to $78.20 after market open. Reuters Messaging: [e-mail] 0924 ET 30Oct2009-American Axle shares up after first profit in 2 years ------------------------------------------------------------------------------ Shares of American Axle & Manufacturing Holdings Inc rose 1.7 percent to $6.70 in premarket trade after the company posted its first quarterly profit in two years and said it had shored up liquidity and nearly completed a restructuring to cut costs. For more, see Reuters Messaging:rm://[e-mail] 0908 ET 30Oct2009-U.S. consumer spending fell in September ---------------------------------------------------------------------------- U.S. consumer spending fell in September for the first time in five months as the boost from a government auto incentive faded, data showed on Friday, adding to fears that consumers may be pulling back as they head into the last quarter of the year. Table: Reuters Messaging: [e-mail] 0805 ET 30Oct2009-Novatel revenue view below Street ---------------------------------------------------------------------------- Novatel Wireless Inc reported strong quarterly results after Thursday's closing bell, but the company warned sales of its mobile wi-fi product would be flat to lower. Novatel's shares tumbled 18 percent to $10 in Friday's premarket trading. Reuters Messaging: [e-mail] 0755 ET 30Oct2009-NYSE beats consensus, sells Liffe U.S. stake ---------------------------------------------------------------------------- NYSE Euronext said it is selling a "significant equity interest" in its derivatives exchange, NYSE Liffe U.S., and reported a 28 percent drop in earnings. Its shares were up 1.5 percent at $28 in light premarket trading in New York. For details, see Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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