Americans' Economic Outlook Dims Amid Stock Volatility and Rising Inflation Fears

Americans' moods soured this month due to a volatile stock market, according to a University of Michigan survey. Sentiment declined 6%.

The S&P 500 index is down from its July peak. Investors worried about economy's resilience and higher interest rates.

Third quarter earnings reports from big tech companies like Amazon, Meta, Microsoft and Alphabet could impact stock market.

Americans' inflation expectations for the next year worsened, jumping to 4.2% in October from 3.2% in September.

Longer-term inflation expectations edged up to 3% this month, fueling worries about permanently higher prices.