Financial Review

…Stocks bounce but still headed for a bad month. Facebook turns a profit but user numbers are weak. GE’s penny dividend. Apple sells non-phone stuff. FoxConn deal falters. Consumer confidence strong. Housing stalls. Zinke’s hinky. Attacking the 14th. Financial Review by Sinclair Noe for 10-30-2018 DOW + 431 = 24,874 SPX + 41 = 2682 NAS + 111 = 7161 RUT + 29 = 1506 10 Y + .02 = 3.11% OIL + .12 = 66.30 GOLD – 6.00 = 1223.60   US stock indexes jumped more than 1 percent, helped by strong gains for chip and transport stocks. All 11 major S&P 500 sectors ended higher. The S&P is on pace for its biggest monthly percentage drop in more than eight years – down more than 8.5% from September’s close. The Philadelphia semiconductor index jumped 4.2 percent, its biggest one-day percentage gain since March. Intel gained 5.2 percent and gave the biggest single-stock boost to the S&P 500. Chip stocks also gained following a brokerage upgrade of Nvidia shares and a better-than-expected report from chip-gear maker KLA-Tencor.