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Stocks Mixed Near Close of First Day of October Trading

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  • Description

    FBN’s Robert Gray breaks down the stories moving the markets.

  • Duration 1:09
  • Date

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I'm Robert Gray with your Fox Business three stocks are still higher in afternoon trading at the rally is losing steam as we head into the home stretch -- today's session.

Steady gains have been sparked by a better than expected report on US manufacturing.

The September report from the institute for supply management showed the sector expanded for the first time in four months the -- Thank you -- games and one half of 1% of 67 point gain the NASDAQ now tracking the lower.

On the flip side -- ratings downgrade taking it told Alcatel Lucent.

UBS slash the company's ratings to a sell over concerns about -- land line demand in both Europe and China.

Alcatel needs for asset sales to adjust its debt obligations.

Also -- departed UBS's downgrade decision.

Meanwhile the airline industry's profit outlook is flying higher the International Air Transport Association raised its 2012 forecast.

Thanks to strong passenger numbers -- -- now sees four point one billion dollars in profit.

That's a third higher than its previous estimate.

Now continue our countdown of the closing bell would actually --

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