University of Michigan's report showed more than estimated drop in October consumers' sentiment. Expectations for inflation also rose. This is not a surprise given the current geopolitics affecting macroeconomics. Tensions in Middle East have risen as Israel prepares for ground war and ordered evacuation of civilians in Gaza. Domestically, import prices seem to have risen less than estimated and the banks earnings have started to trickle in. MSFT seems to have finally completed its acquisition of Activision. DJIA is in mild green and S&P500, Nasdaq Composite are in mild red this morning (PST).
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