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Top 10 News Items: 9/26-9/30: Q3 GDP Surprises to the Upside; Dollar Still Dominating Market Action; VIX Spikes Sharply, Now Over 30

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    Last Updated: October 31st, 2009

    Here is a recap of the top news items from this week on Wall Street:

    1. Investors were surprised with a better-than-expected Q3 GDP reading on Thursday of this week: a 3.5% rise, versus the consensus of a 3.2% rise. The Dow rallied sharply (200 points) on the news, but all these gains were given up on Friday as the dollar had a strong day.

    2. The dollar continues to dominate investors trading decisions this week. As it has gone for the last few months, a strong dollar has meant a sliding stock market, and similarly, commodities. When the dollar is weak,

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