US/ Qualcomm Inc QCOM.O tumbled 8.1% after the chipmaker's forecast for holiday-quarter revenue fell about $2 billion short of Street estimates. "Although the U.S. economy is beginning to decelerate, inflation remains stubbornly high, and the labor market is still very tight," said Paul O' Connor, head of multi-asset team at Janus Henderson Investors. Data this week showed U.S. private payrolls increased more than expected in October and job openings jumped unexpectedly in September, pointing to resilience in the labor market.