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MarketWatch for Tuesday, October 28, 2013

If you're keeping on top of the stock markets this morning, Tuesday, October 28, 2013...
If you're keeping on top of the stock markets this morning, Tuesday, October 28, 2013... 

The Nikkei lost 70 points today in trading in Japan.
On Wall Street, the Dow dropped a point Monday.
And the Nasdaq fell 3.

Apple hasn't lost its edge as many analysts had feared. The company sold nearly 34 million iPhones and more than 14 million iPads from July through September. That was more than expected. Overall, earnings slipped 8.5 percent, but still beat Wall Street's estimates. The iPhone 5s and 5c launched in the final week of the quarter.

Investors are now looking ahead to Facebook's results, which are out on Wednesday.

So far, two thirds of the companies that have released earnings have topped Wall Street's estimates.

Japanese automakers dominate  Consumer Reports' annual reliability survey. Lexus, Toyota and Acura topped the survey. Overall, Japanese brands took seven of the top 10 spots. But  Audi, Volvo and GMC cut into the top 10.

Demand for luxury goods is starting to slow. Sales of luxury items including jewelry, leather handbags and fur coats is expected to rise just 2 percent over last year. The U.S. is the world's largest luxury market followed by Japan and Italy. China is expected to edge out France into fourth place this year.


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