Trouble Looms: CNBC's Daily Open Signals Warning
Asia-Pacific stock markets rebounded, minimizing weekly losses, while the tech-heavy Nasdaq Composite Index is down over 10% from its highest close in July. Amazon reported strong third-quarter earnings, with its ad business and cloud unit showing significant growth. Ford Motor missed earnings expectations due to restructuring and the impact of a labor strike. Intel's third-quarter earnings beat expectations, leading to a rise in shares. China's former premier, Li Keqiang, passed away at the age of 68. Concerns are rising about the U.S. consumer running out of excess cash and slowing spending, as indicated by recent economic indicators and cautious earnings guidance.