For Big Tech, beating expectations is not enough [Video]

Prices increased in line with expectations  The U.S. personal consumption expenditures index increased 0.2% in September, on a monthly and seasonally adjusted basis, reported the U.S. Commerce Department. The 12-month inflation rate was 2.1%. Both numbers were in line with Dow Jones estimates. The core inflation rate, which excludes food and energy prices, came in at 2.7%. 

Big Tech drags down markets Major U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares. All three indexes fell for the month. Europe’s Stoxx 600 index slid 1.2% to end October 3.4% lower, according to LSEG data, marking its worst monthly performance in a year. Separately, inflation in the euro zonein October rose to …