Stocks ended in the red amid worries about U.S. economic growth. But losses were trimmed after the IMF unveiled an enhanced lending program to help countries struggling with short-term liquidity problems from Europe's debt crisis. The U.S. GPD grew at a 2% annual rate in the third quarter, 0.5% slower than originally reported, according to the latest revision, meanwhile, analysts expected the estimate would remain unchanged - an annualized increase of 2.5%. Also, the market welcomed signs that the Federal Reserve is debating whether or not it should further ease monetary policy in the future. Tech stocks were mostly in the red, with losses from Hewlett-Packard after the co’s earnings forecasts failed to meet analysts expectations. Netflix fell more than 5%, as the co. said it’s selling $400 million in stock and debt in order to raise funds and that it could also see a disappointing year in 2012 if it doesn’t stem a tide of customer cancellations. Implied volatility inched lower on light trading volumes.NEAREST RESISTANCE LEVELS: 54.7, 55.55, 55.8, 56.8, 58.1, 58.3, 59.1, 59.3
NEAREST SUPPORT LEVELS: 53.7, 53.0, 50.0
