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AI jitters hit tech as Alphabet earnings disappoint; bonds rally - Newsquawk US Market Wrap

PCE matches expectations, personal income/spending growth underwhelms and advance Q3 GDP prints above forecasts; US claims tick lower; US President Trump reportedly weighs resuming Iran strikes after midterms if diplomacy fails, though negotiations continue; US VP Vance reportedly reaches out to an Iranian hard-liner in a bid to restart peace talks; Iran's Ghalibaf said progress only possible once Iran's seven conditions are agreed; Houthis state they targeted Saudi Arabia's Ras Tanura, Abqaiq and Rabigh oil facilities with ballistic missiles; GOOG earnings disappoint, MSFT impresses but poor tech sentiment weighs; Software hit on underwhelming FTNT and NOW reports; LLY earnings beat lifts healthcare; Solid US 7yr note auction; ECB holds rates as expected, followed by hawkish Lagarde commentary; ECB's Lagarde to step down in February 2027.