Amazon Beats Earnings Estimates, Markets Rebound on Cooling Inflation as Apple and Oil Giants Prepare to Report
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Amazon earnings beat forecasts, providing some relief to battered markets after stocks slumped in October.
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U.S. GDP growth topped forecasts at 4.9% in Q3 thanks to strong consumer spending, but inflation slowed in September.
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Markets bounced on signs inflation may be easing, with 10-year Treasury yields falling 15 basis points.
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Oil giants Exxon and Chevron report earnings today, while Apple, the world's most valuable company, releases results next week.
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Geopolitical tensions remain around the war in Ukraine and U.S. engagement in Syria, though China called for more dialogue with the U.S.
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