News
U.S. Inflation and Bank Earnings Shape Weekly Market Sentiment
September headline CPI rose 3.7% year‑over‑year, slightly above the 3.6% forecast, while core CPI increased to 2.6% YoY versus 2.5% expected. Monthly headline CPI rose 0.6% and core CPI 0.3%. Producer prices jumped 1.3% month‑over‑month and 6.3% year‑over‑year. Major banks reported mixed Q3 results, with Goldman Sachs and Citigroup beating expectations and JPMorgan and Bank of America falling short. Upcoming earnings include Netflix on Oct 20, Tesla on Oct 21, and Intel on Oct 29. The data heightened concerns about interest rates and pressured technology stocks.