S&P 500 Slips Into Correction as Earnings Disappoint While Economy Strengthens

S&P 500 entered correction territory, ending a volatile week due to weak earnings and strong economic data.

Amazon shares rose on earnings beat, while Chevron, ExxonMobil, Ford shares fell on misses.

JPMorgan Chase shares fell as CEO plans to sell stock.

GDP grew 4.9% in Q3, exceeding expectations, while core PCE inflation rose 0.3% monthly.

Consumer sentiment fell in October as economic outlook concerns grow.