Consumer Sentiment Slides in October

A closely-watched gauge of consumer sentiment from the University of Michigan came in at 87.2 in October. That’s down slightly from the initial reading of 87.9. Economists anticipated an increase to 88.1 for the month.



Exxon Mobil profit drops 38 percent but beats estimates

Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 38 percent drop in quarterly profit that still beat Wall Street's expectations as cost cuts partly offset declining crude prices.



Equity Futures Higher as GDP Grows 2.9%

U.S. futures inched higher Friday while shares in Europe mostly fell, as investors digested the latest batch of corporate earnings and a higher-than-expected reading on the health of the U.S. economy.