Stock Market Today: S&P 500 Joins Nasdaq in Correction Territory

The Nasdaq managed to hold higher into the close thanks to a strong earnings reaction for mega-cap stock Amazon.

blue stock chart with moving averages and volume bars
(Image credit: Getty Images)

Stocks opened mostly higher Friday as investors took in the latest inflation data and earnings reports. The main indexes lost steam as the session wore on, though the tech-heavy Nasdaq Composite held on for a win thanks to impressive earnings from mega-cap stock (AMZN).  

The Bureau of Economic Analysis this morning said its September personal consumption and expenditures (PCE) index, the Fed's preferred measure of inflation that tracks consumer spending, was up 0.4% month-over-month and 3.4% year-over-year – both figures matching what was seen in August.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.