Amazon Beats Earnings Estimates, Markets Rebound on Cooling Inflation as Apple and Oil Giants Prepare to Report

Amazon earnings beat forecasts, providing some relief to battered markets after stocks slumped in October.

U.S. GDP growth topped forecasts at 4.9% in Q3 thanks to strong consumer spending, but inflation slowed in September.

Markets bounced on signs inflation may be easing, with 10-year Treasury yields falling 15 basis points.

Oil giants Exxon and Chevron report earnings today, while Apple, the world's most valuable company, releases results next week.

Geopolitical tensions remain around the war in Ukraine and U.S. engagement in Syria, though China called for more dialogue with the U.S.