Stocks Mixed as Inflation Data Weighs on Dow, Amazon Surges on Earnings Beat
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Dow Jones fell 175 points Friday amid key inflation data including PCE price index. Amazon stock surged on earnings.
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Personal income rose 0.3% in September; Core PCE price index rose 0.3% on month. University of Michigan inflation expectations hit 4.2%.
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Amazon earnings topped estimates, stock jumped 7%. Chipotle, Deckers Outdoor, Dexcom, Intel moved on earnings.
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Dow fell 0.5%, S&P 500 dipped on inflation data. Oil prices rebounded, 10-year Treasury yield rose to 4.86%.
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Tesla rebounded but still below 200-day line. Apple and Microsoft fell hard, gave up recent buy points.