Stocks and many exchange-traded funds gave back their gains and then some Friday after investors backed away from a one-day jump on solid GDP growth numbers Thursday.

As the U.S. dollar jumped in value, investors parsed the Thursday results from the Commerce Department and weighed the effects of government spending on the 3.5% jump for September, sending major indexes down slightly at the market open. The Dollar Index rose almost 0.66%, and the CBOE Volatility index hit a three-month high, climbing nearly 25% in one day.

The Dow Jones Industrial Average closed down 250 points to 9713. The Nasdaq shed 52 points to 2045 and the S&P 500 dropped 30 to close at 1036. The Dow closed the month flat, and it was the first down month for the Nasdaq since February.

The whipsaw back down came a day after a government report of better-than-expected economic growth sent stocks soaring with the biggest gains in more than three months. Thursday's surge snapped a slump earlier in the week.

The volatile end of the week, coupled with a pending meeting of the Federal Open Market Committee, which sets interest rates, heightened uncertainty at the Friday close. But other investors said the spate of triple-digit swings is simply a reflection of the jerky nature of the recovery.

"The market doesn t have a brain and it s hard to predict what s going to happen with something that doesn t have a brain," said Frank Ingarra, a co-portfolio manager at Hennessy Funds.

Oil prices slipped as the dollar rose in value against other currencies. As of 4:03 p.m. Friday, front-month crude futures traded on the Nymex were down $2.88 at $76.99. For a detailed rundown on Friday's trading session see our market story.

Winners

The iPath Exchange Traded Notes S&P 500 VIX Short-Term Futures Index rose 14.9% for the week, propelled by the triple-digit swings in the Dow and big moves in other indexes on Thursday and Friday. As most stock gains for the week were wiped out Friday, the iShares Barclays 20+ Year Treasury Bond fund hung on for a 1.4% gain for the week.

Losers

Pushed by plunging commodity stocks, the Market Vectors Russia fund shed 11.3% for the week. The SPDR S&P Metals & Mining fund dropped 10.2%.

This Week s Industry News

Launching Pad
A new exchange-traded fund that will invest only in Oklahoma-based companies, mostly in the energy sector, began trading Thursday. The OOK fund will track the SPADE Oklahoma Index, made up of Oklahoma-based companies with a minimum market capitalization of $100 million. As of Sept. 30, the index posted year-to-date gains of 37.8%. The index of 29 companies is weighted, but no single company can account for more than 10% of the fund portfolio. The fund charges an annual expense ratio of 0.85%.

UBS on Thursday launched its UBS E-TRACS Dow Jones-UBS Commodity Index Total Return exchange-traded note, which tracks the Dow Jones-UBS Commodity Index, a broadly diversified index of 19 commodity futures. The fund charges an annual expense ratio of 0.50%. The DJ-UBS index has lower exposure to energy than other commodity indexes, and more exposure to the agricultural market.

Discount brokerage Charles Schwab filed a fee schedule with the Securities and Exchange Commission for its new family of exchange traded funds, set to launch before the end of the year. Schwab plans to offer eight ETFs originally, with the new U.S. Broad Market fund (SCHB) and U.S. Large Cap fund (SCHX) charging a below industry average fee of 0.08 percent. Its Schwab Emerging Markets Equity (SCHC) and Schwab International Small Cap (SCHE) funds will be the most expensive, with fees of 0.35%.

Van Eck filed a request with the Securities and Exchange Commission to launch an exchange-traded fund linked to Indian small-cap companies. It will track the Market Vectors India Small-Cap Index in the same manner as the recently launched Market Vectors Brazil Small-Cap fund. No ticker has yet been assigned for the proposed fund.

The Jeffries Thomson Reuters/Jeffries CRB Global Agriculture Equity Index fund, and Jefferies Thomson Reuters/Jeffries CRB Global Industrial Metals Equity Index fund begin trading Tuesday on the New York Stock Exchange. The agriculture fund will track the results of an index based on producers of seeds, traits (seed characteristics attained through genetic modification), chemicals and fertilizers, farm machinery, equipment and irrigation, agricultural products, and livestock and aquaculture, according to its prospectus. The industrial metals fund will track a proprietary index linked to production and extraction of metals used in industrial production.

A pair of Index IQ exchange-traded funds based on the CPI Inflation index and a global resources index begins trading Tuesday on the NYSE. Index IQ last month announced plans to launch 15 funds based on its indexes, using hedging strategies based on the performance of its indexes. The IQ CPI Inflation Hedged fund and IQ Arbitrage Global Resources funds will be based on the same approach as the IQ Hedge Multi-Strategy Tracker ETF, which began trading earlier this year, the company said.

Earnings and Conference Calls

Monday
AAON, Administaff, Albany International, American Physicians Service Group, Anadarko Petroleum, Anglogold Ashanti, Argo Group International Holdings, Array BioPharma, Asset Acceptance Capital, ATS Medical, Avis Budget Group, Axis Capital Holdings, BRE Properties, Bridge Capital Holdings, Brookdale Senior Living, Buckeye Partners, Cameco, CapitalSource, Carmike Cinemas, Carrols Restaurant Group, Chelsea Theraputics, Chesapeake Energy, Cleco, Clorox, CNA Financial, Cognex, Comstock Resources, Consolidated Edison, Cooper Tire & Rubber, Corporate Executive Board, Cross Country Healthcare, Cutera, Dean Foods, Diodes, Dollar Financial, Dover Motorsports, Drew Industries, Entercom Communications, First Merchants, First Mercury Financial, First State Bancorp, Five Star Quality Care, Flagstone Reinsurance, Flanders, Ford Motor, Forest Oil, Guidance Software, Haemonetics, Hanover Insurance Group, Hawaiian Electric Industries, Hecla Mining, Herbalife, HFF, Humana, Hutchinson Technology, IHI Transport Machinery, iMergent, Kindred Healthcare, Kinross Gold, Loews, LookSmart, Maguire Properties, MannKind, Meadowbrook Insurance, Multi-Color, Northeast Utilities, Peapack-Gladstone Financial, Penson Worldwide, Perrigo, Philippine Long Distance Telephone, Post Properties, Principal Financial, ProAssurance, PS Business Parks, Questcor Pharmaceuticals, Regal-Beloit, Republic Services, Rogers, Rudolph Technologies, Ryanair Holdings, SRS Labs, Standard Parking, Sun Hydraulics, SWS Group, Sykes Enterprises, Sysco, Tasty Baking, Technitrol, Texas Roadhouse, TGC, Transact Technologies, Trilogy Energy Trust, Union Drilling, Valeant Pharmaceuticals, Vanda Pharmaceuticals, Virage Logic, Vulcan Materials

Tuesday
Acorda Therapeutics, AGA Medical Holdings, Allis-Chalmers Energy, Allos Therapeutics, Alpha Natural Resources, American Capital, American Tower, AmeriSourceBergen, Archer Daniels Midland, Atlas Pipeline Partners, Belo, Big 5 Sporting Goods, BigBand Networks, Bill Barrett, Bio-Rad Laboratories, Blackboard, Blount International, Boise, Broadridge Financial Solutions, Buckeye Technologies, Cablevision Systems, Cambrex, Cameron, Catalyst Health Solutions, Catalyst Paper, CBL & Associates Properties, Charles River Laboratories International, Church & Dwight Co., Cimarex Energy, Clarient, Cognizant Technology Solutions, Comfort Systems USA, Constellation Software, Con-Way, CorVel, Crown Castle International, Crucell, Cumulus Media, Cyclacel Pharmaceuticals, Dana Holding, DaVita, Diebold, Digital River, Discovery Communications, D-Link, Dolby Laboratories, Douglas Emmett, Duane Reade, Dundee Real Estate Investment Trust, DXP Enterprises, Edgar Online, Emerson Electric, Energizer, Enzon Pharmaceuticals, Evolving Systems, EXCO Resources, Expeditors International WA, Federal Signal, FEI, FelCor Lodging Trust, FirstService, Flagstar Bancorp, Franklin Street Properties, Fresenius Medical Care, Frontier Communications, Gaylord Entertainment, Genesee & Wyoming, Getty Realty, Glatfelter, Grand Canyon Education, Great Lakes Dredge & Dock, Harte-Hanks, Hartford Financial Services, HCC Insurance Holdings, HCP, Health Net, Heartland Payment Systems, Hudson Highland Group, Hypercom, I.D. Systems, Impax Laboratories, InfoUSA, InfoVista, IntercontinentalExchange, IPG Photonics, ISTA Pharmaceuticals, J&J Snack Foods, Jack Henry & Associates, James River Coal, John Bean Technologies, Kenexa, Kenneth Cole, Kforce, Killam Properties, Kraft Foods, Louisiana-Pacific, Lydall, Magellan Midstream Partners, Mannatech, Marathon Oil, Martin Marietta Materials, Marvel Entertainment, MasterCard, Matrix Service, Maxwell Technologies, Medco Health Solutions, Mediware Information Systems, Metro Group, Millar Western Forest Products, Morguard, Myriad Genetics, National Financial Partners, National Research, NCC, NCI, Ness Technologies, NetLogic Microsystems, New York Mortgage Trust, North American Energy Partners, Northgate Minerals, NW Natural, Och-Ziff Capital Management Group, Oil States International, Onyx Pharmaceuticals, Orient-Express Hotels, Oshkosh, Pacer International, Papa Johns International, Parker Drilling, PC Mall, Perot Systems, PetroQuest Energy, Pinnacle Airlines, Pioneer Natural Resources, Pioneer Southwest Energy Partners, Pitney Bowes, PMA Capital, PokerTek, Polo Ralph Lauren, Poniard Pharmaceuticals, PRG-Schultz International, Quality Distribution, Quest Software, Radware, RCN Corporation, Ritchie Bros. Auctioneers, Rock-Tenn, Rockwell Collins, Rowan, Royal Caribbean Cruises, RTI International Metals, Senior Housing Properties Trust, Solera Holdings, Sotheby's, Steven Madden, Stone Energy, Swift Energy, Swiss Reinsurance, Symmetricom, Talisman Energy, Tecnocom, Tenet Healthcare, Teva Pharmaceutical, Phoenix Companies, St. Joe, TreeHouse Foods, True Religion Apparel, UBS, Unum Group, Viacom, Vivus, Vornado Realty Trust, Web.com, WebMD Health, West Pharmaceutical Services, Westlake Chemical, World Fuel Services, ZipRealty

Wednesday
3D Systems, 99 Cents Only, Adept Technology, Agilysys, Agrium, Allied Motion Technologies, Allstate, Alon USA Energy, Ambac Financial Group, Amdocs, AMERCO, American Equity Investment Life Holding, American Medical Systems, American Railcar Industries, American States Water, Ameristar Casinos, Andersons, Answers, APAC Customer Services, Aqua America, Arch Chemicals, Ashford Hospitality Trust, AuthenTec, Automatic Data Processing, Babcock & Brown Air, Baker Hughes, Becton Dickinson, BioClinica, Bowne & Co, Bridgepoint Education, Brightpoint, Bristow Group, Capital Senior Living, Career Education, Cbeyond, Central European Distribution, Checkpoint Systems, Cincinnati Bell, Cisco Systems, Clayton Williams Energy, Clean Harbors, Cogo Group, Comcast, Conseco, Consolidated Graphics, Cornerstone Therapeutics, Corrections Corp. of America, Cosmo Oil, Cousins Properties, Devon Energy, DexCom, Dialysis Corporation of America, Diamond Management & Technology Consultants, Eagle Bulk Shipping, Ebix, Echelon, Edgewater Technology, Education Management, El Paso, eLoyalty, Employers Holdings, Enbridge, Endeavour International, EnergySolutions, Entravision Communications, Equity One, Evergreen Solar, ExpressJet Holdings, Extendicare, Federal Realty Investment, FGX International, FICO, First Industrial Realty Trust, Fiskars, FPIC Insurance Group, FTI Consulting, Garmin, Gasco Energy, General Communication, Genomic Health, Georgia Gulf, Gibraltar Industries, Global Cash Access, Global Industries, Globecomm Systems, GMAC, Goldcorp, Goodrich Petroleum, Great Wolf Resorts, Harvard Bioscience, Headwaters, Health Care REIT, Health Fitness, Healthsouth, HeartWare International, Henry Schein, Hersha Hospitality Trust, Hill International, Hughes Communications, Huntsman, Immucell, Insight Enterprises, Integra LifeSciences, Integrys Energy Group, International Flavors & Fragrances, Interoil, Interstate Hotels & Resorts, inTEST, ION Geophysical, JCDecaux, Kadant, KapStone Paper and Packaging, Kendle, Legal and General, Lenovo Group, Linn Energy, Lion, Liz Claiborne, LoJack, Luminex, Magic Software Enterprises, Marsh & McLennan Companies, Martha Stewart Living Omnimedia, Martin Midstream Partners, McCormick & Schmick's Seafood Restaurants, MCG Capital, Measurement Specialties, Medivation, Microchip Technology, Mobile Mini, Molson Coors Brewing, Murphy Oil, Natural Resource Partners, Nektar Therapeutics, NetSuite, News Corporation, NewStar Financial, Nissan Motor, Nortech Systems, NPS Pharmaceuticals, O2 Micro, OraSure Technologies, Orckit Communications, Orexigen Therapeutics, Orix Corporation, Parlux, Penn Virginia, Plains All American Pipeline, Polyone, Protective Life, Providence Service, Prudential Financial, Pulte Homes, Qualcomm, Radian Group, RAE Systems, RAIT Financial Trust, Red Lion Hotels, RR Donnelley, Rubios Restaurants, Savient Pharmaceuticals, Shenandoah Telecommunications, Silicon Graphics, Sinclair Broadcast Group, Societe Generale, SourceForge, Sovran Self Storage, Speedway Motorsports, SRA International, Strategic Hotels and Resorts, SurModics, TAL International Group, Time Warner, Total, Transocean, TRW Auto, TTM Technologies, Tyco Electronics, United Online, Valence Technology, Vitamin Shoppe, Vonage Holdings, Wabash National, Warnaco Group, Watson Pharmaceuticals, WellCare Health Plans, WestJet Airlines, Whole Foods Market, William Lyon Homes, Zebra Technologies

Thursday
Abiomed, Abraxis BioScience, Accelrys, ACI Worldwide, Activision Blizzard, Air Methods, Alaska Communications Systems Group, Alexandria Real Estate, Alkermes, Altair Nanotechnologies, American Reprographics, American Science and Engineering, Apollo Investment, Arena Resources, Ares Capital, ArQule, Assystem, Astellas Pharmaceutical, Astronics, Atlas Energy Resources, Atmel, Axcelis Technologies, Bebe Stores, BioLase Technology, Bionovo, Biovail, Blue Nile, BlueLinx Holdings, BNP Paribas, Boston Beer, Breakwater Resources, Bridgewater Systems, Brink's Home Security Holdings, BSquare, California Pizza Kitchen, Cap Gemini, Cardinal Health, CAS Medical Systems, CBS, CenturyTel, Chyron, Citizens, Coeur d'Alene Mines, Coherent, Coinstar, Coleman Cable, Columbia Laboratories, Consolidated Communications, Constant Contact, Continental Resources, Cornell Companies, Courier, Credicorp, Crocs, Crown Media Holdings, CVS Caremark, Deutsche Telekom, DirecTV Group, Dorel Industries, Dot Hill Systems, Dr. Pepper Snapple Group, Dynegy, E.W. Scripps, Eclipsys, Einstein Noah Restaurant Group, Entech Solar, Entraction, EOG Resources, Exterran Holdings, FBL Financial Group, Fisher Communications, Fortis, Frontier Oil, Fuel Tech, Furniture Brands, GLG Partners, GNC, Graphic Packaging Holding, GTSI, H.H. Gregg Appliances, Hain Celestial Group, Hansen Natural, Hardinge, Harris Stratex Networks, HealthTronics, Hercules Technology Growth Capital, Holly, Home Properties, Hornbeck Offshore Services, Hudson Technologies, Icagen, IMAX, inContact, Incyte, Infinity Property And Casualty, nnerWorkings, Inspire Pharmaceuticals, IntegraMed America, InterMune, International Game Technology, International Rectifier, Internet Capital Group , iPass, Isis Pharmaceuticals, JDSU, Jones Soda, Kaman, Kimball International, Kimco Realty, King Pharmaceuticals, Lamar Advertising, Lantronix, Leap Wireless International, Legrand, Lifetime Brands, Ligand Pharmaceuticals, LightPath Technologies, Lincoln Educational Services, Lionbridge Technologies, LivePerson, Lodgian, LSB Industries, Macerich, Mac-Gray, Macrovision, Manulife Financial, Marchex, MarineMax, Mariner Energy, McGrath Rentcorp, MetroPCS Communications, Metropolitan Health, MF Global, Micromet, Micrus Endovascular, MiddleBrook Pharmaceuticals, Millennium & Copthorne Hotels, Millipore, Momenta Pharmaceuticals, Move, MTR Gaming Group, National Fuel Gas, NEI, Numerex, NVIDIA, Ocwen Financial, Omnicare, PDI, Penn West Energy Trust, Perficient, Petrohawk Energy, Petroleum Development, Playboy Enterprises, Plug Power, Primedia, Princeton Review, Public Storage, Quebecor, Rainmaker Systems, Red Robin Gourmet Burgers, Rosetta Stone, Scripps Networks Interactive, Sirius Satellite Radio, SkyWest, Starbucks, Steinway Musical Instruments, Sunoco, Targacept, The Knot, The NASDAQ OMX Group, The Navigators Group, Scotts Miracle-Gro, Tecumseh Products, Telephone Data, Telular, Teradata, Theragenics, Thomson Creek Metals, Thomson Reuters Corporation, Threshold Pharmaceuticals, Time Warner Cable, TLC Vision, Tower Group, Toyota Motor, Transgenomic, Trubion Pharmaceuticals, True Energy Trust, U.S. Physical Therapy, Unilever, Universal Electronics, US Concrete, US Oncology, VeriSign, Verso Paper, Virtusa, Volcano, Voyager Learning, W&T Offshore, W. P. Carey & Co., Walter Investment, Watson Wyatt Worldwide, Wendy's / Arby's Group, Winthrop Realty Trust, World Energy Solutions, World Wrestling Entertainment, Zurich Financial Services, ZymoGenetics

Friday
Aceto, Arbor Realty Trust, Bank Millennium, Blackstone Group, British Airways, Brookfield Asset Management, Central Vermont Public Service, Compton Petroleum, Constellation Energy Partners, Edison, Ember Resources, Exide, Fortress Investment Group, Halozyme, Inhibitex, Kelly Services, Knology, Kubota, Lafarge, LifePoint Hospitals, Magnetek, Perma-Fix Environmental Services, PMI Group, Presstek, Protection One, Rediff.com India, Smith & Nephew, Spectra Energy Partners, Sun Communities, Suncor Energy

Economic Data

Monday
10:00 a.m. ISM Manufacturing Index
10:00 a.m. Construction Spending
10:00 a.m. Pending Home Sales Index

Tuesday
FOMC Meeting Begins
7:45 a.m. ICSC-Goldman Store Sales
8:55 a.m. Redbook
10:00 a.m. Factory Orders

Wednesday
7:00 a.m. MBA Purchase Applications
7:30 a.m. Challenger Job-Cut Report
8:15 a.m. ADP Employment Report
9:00 a.m. Treasury Refunding Announcement
10:00 a.m. ISM Non-Manufacturing Index
10:30 a.m. EIA Petroleum Status Report
2:15 p.m. FOMC Meeting Announcement

Thursday
8:30 a.m. Jobless Claims
8:30 a.m. Productivity and Costs
9:00 a.m. RBC CASH Index
10:30 a.m. EIA Natural Gas Report
4:30 p.m. Fed Balance Sheet
4:30 p.m. Money Supply