Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN) and Meta (META) all saw their shares take a nosedive in the wake of their earnings reports. The GOOG stock (down 4.83% over the week, down 33.25% YTD) also weighed on communication services, the only S&P 500 sector in the red this week (-2.85%) and the worst performer in 2022 (-38.46%). The Fed’s preferred inflation measure (PCE price index - personal consumption expenditures, excluding food and energy) advanced 5.1% on a year-on-year basis in September, slightly below the 5.2% predicted.