Stocks Mixed as Earnings Lift Tech but Inflation Worries Remain

The Nasdaq rallied and the Dow sank on Friday after a volatile week for stocks. The Nasdaq gained 0.9% but remained down for the 3rd straight week.

Strong earnings from Amazon, Intel, and some Chinese industrial firms lifted markets. But Ford and Exxon missed expectations.

Higher inflation was shown in the latest PCE data. Consumer spending rose strongly in September but has meant falling savings.

Sentiment improved slightly but higher gas prices are worrying consumers about inflation according to University of Michigan data.

Geopolitical concerns remain around possible escalation in the Middle East after a U.S. strike in Syria.