The Producer Price Index (PPI) cooled month-over-month in September, holding steady while economists expected a 0.1% increase in prices. The inflation indicator did see gains of 1.8% year-over-year, above estimates for 1.6%. This all comes as the Federal Reserve considers whether to push through additional interest rate cuts at its November meeting or hold rates where they are.

Major banks JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) reported their third quarter earnings results, the former of which topped estimates while seeing profits fall by 2% year-over-year.\

Tesla (TSLA) CEO Elon Musk unveiled the EV maker's Cybercab at the company's Robotaxi Day last night, currently being priced at $30,000.

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This post was written by Luke Carberry Mogan.