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Market Commentary - Foreign Markets
Wall Street stocks retreat, US inflation concerns resurface
30-Oct-2026, 11:19
US equities declined on Thursday as major technology equities, notably Alphabet, exerted downward pressure on the broader market. The benchmark S&P 500 decreased 0.3%, while the technology-centric Nasdaq Composite retreated 1.4%, and the blue-chip Dow Jones Industrial Average declined 0.3%. Alphabet’s shares experienced a sharp contraction of 12.5% following the release of disappointing Q3 earnings results. Concerns regarding persistent inflationary pressures were reignited as the Federal Reserve’s preferred inflation gauge, the PCE index, advanced 0.5% in September, representing the largest increase in six months.
US equities declined on Thursday as major technology equities, notably Alphabet, exerted downward pressure on the broader market. The benchmark S&P 500 decreased 0.3%, while the technology-centric Nasdaq Composite retreated 1.4%, and the blue-chip Dow Jones Industrial Average declined 0.3%. Alphabet’s shares experienced a sharp contraction of 12.5% following the release of disappointing Q3 earnings results. Concerns regarding persistent inflationary pressures were reignited as the Federal Reserve’s preferred inflation gauge, the PCE index, advanced 0.5% in September, representing the largest increase in six months.