US stocks consolidate near all-time highs as earnings steamroll inflation worries

📉 SPX | 4,545 (-5, -0.1%)
📈 DJIA | 35,677 (+74, +0.2%)
📉 CCMP | 15,090 (-126, -0.8%)

🛢 Measures of crude oil prices have now risen for nine weeks in a row, the longest streak since 1983 – and fuelling inflation concerns.

🏘 US Existing Home Sales for September beat expectations, rising to a 7-month high of 6.29 million after a slight decline in August. Often seen as a leading indicator of economic health, the increase is relatively remarkable given how housing prices have been rising by double-digits.

💀 Advertising-related stocks such as Snap (-26.6%) and Facebook (-5.1%) officially received the chop on Friday’s market open, with Snap losing $135 billion in market value thanks to its lowered ad revenue outlook.