Wall Street indexes fell more than 1% after forward-looking announcements from big tech companies disappointed investors. The alternative measure of inflation, which generally understates price increases, confirmed stubborn and well-anchored inflation into the economy.
MSFT META SBUX UBER EBAY CVNA BKNG
MSFT META SBUX UBER EBAY CVNA BKNG
Investors reassessed the rate outlook amid a flow of positive U.S. economic data. European markets extended losses, and passenger car registration declined for the second month in a row in September. Investors in China held out for additional fiscal measures as early as next month. India indexes closed down 1%.