Stocks slip after FBI reviews new emails in Clinton probe

Stocks slip as the FBI reviews new emails in its Hillary Clinton probe. Is this another October surprise many investors feared? Catch The Final Round at 4 p.m. with Nicole Sinclair, Yahoo Finance columnist Rick Newman and reporter Jared Blikre.

US GDP grew 2.9% in Q3

GDP beats expectations, thanks to a big jump in exports, hitting 2.9%. This marks the biggest gain in two years. Is the Fed running out of excuses not to raise rates?

Exxon, Chevron Q3 profits plunge

We also got a closer look at the energy sector today: Exxon earnings were weak, posting a 38% decline in quarterly profit, while Chevron reported a profit plunge of 35% from the year before. Oil prices are still close to the highs of the year, but are we still far away from any sort of recovery?

Winners and Losers

Let’s take a look at some of today’s winners and losers. Stocks ending the week on a down note include biopharma company Amgen as sales slipped for some of its top selling drugs; online retail giant Amazon after missing earnings estimates, partly due to increased spending on its warehouses and delivery operations; and McKesson, with shares of the health care services company lower after its results disappointed the Street and it cut its full year outlook, blaming a softer pricing environment in its US pharmaceutical business.

Meanwhile, the big winners of the day include Hanesbrands after the clothing maker reported earnings in line with expectations and gave upbeat guidance for the 2016 fourth quarter; Hershey after the chocolate maker beat estimates on its top and bottom lines, and Baker Hughes. Shares of the the oilfield services company are higher after The Wall Street Journal reported buyout rumors from General Electric. GE respond that it is exploring potential partnerships but not an outright takeover.

Looking Ahead

Here’s what will be making headlines next week:

• Earnings season rolls on with major reports from the likes of Facebook, Qualcomm and Starbucks.

• On Wednesday, the Fed will announce its latest interest rate decision. Expectations are low that the Fed will make any moves, with traders pricing in a 90% probability that rates will stay pat.

• Finally, next Friday, its the big one. We’ll get the latest on the jobs situation, with October’s payroll and unemployment numbers. The previous reading showed a weaker-than-expected payrolls gain of 156,000 jobs.