Market 10/31: PCE Higher Than Forecast, Bloodbath Market in ER Season

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Key highlights:

• Core PCE inflation for September rises more than expected

• Prices rise faster than wages

• Initial jobless claims at 6-month low

• Meta: Breaks because stock was too high

• Microsoft: Losing cloud market share to Google?

• UBER: Revenue growth along with profit margin

• Starbucks: Million-dollar CEO with bold turnaround plan

• Big tech drags market into bloodbath during earnings season