On October 31, the US stock market opened significantly lower due to the core Personal Consumption Expenditures (PCE) index coming in higher than expected. The Dow Jones Industrial Average opened down by 0.44%, the S&P 500 index fell by 0.75% at the opening, and the Nasdaq Composite index started the day with a 1% decline.

Market analysts expressed concerns that the elevated PCE index could signal rising inflationary pressures, impacting consumer spending and economic growth. Investors are closely monitoring how these developments will influence Federal Reserve policies in the near future. The current economic climate raises questions about the sustainability of recent market gains and the overall economic outlook, making this a critical time for investors to stay informed..