Tech stocks melt, US inflationary worries resurface

The US stocks fell on Thursday after big technology stocks, led by Alphabet dragged the markets lower. The benchmark S&P 500 eased 0.3%, while the tech-heavy Nasdaq Composite melted 1.4%, and the blue-chip Dow shed 0.3%. Alphabet lost12.5% after the technology giant reported disappointing Q3 earnings. Inflationary worries resurfaced as Fed?s preferred inflation barometer, known as the PCE index, jumped 0.5% in September to mark the biggest increase in six months.

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