Stocks Fall as China Growth Slows; U.S. Retail Sales Rise but Inflation Fears Remain

Markets fell in Europe and Asia after China reported slower economic growth in Q3. Oil prices jumped over $1.
China's economy grew 4.9% in Q3, down from 6.3% in previous quarter, due to weak exports and real estate sector.
U.S. retailers saw higher than expected sales in September, but hot economy could fuel inflation and keep rates high.
Chipmakers like Nvidia fell as U.S. broadened restrictions on exporting chips and manufacturing equipment to China.
Bank of America and Bank of New York Mellon gained after beating profit forecasts in latest earnings reports.