However, excluding the more volatile categories, the trajectory for growth looks weak," Jeffrey Roach, Chief Economist for LPL Financial, said. Caterpillar Inc and McDonald's Corp rose after reporting earnings, while Facebook-parent Meta Platforms Inc slumped on a drop in third-quarter profit. U.S. treasury yields slid further after data showed growth in U.S. consumer spending slowed in the third quarter, a sign inflation is peaking and the Federal Reserve can soon ease its aggressive hiking of interest rates.