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Oppenheimer cuts Alphabet (GOOG.O) PT to $355 from $440.

Oppenheimer: Lowered its price target for Alphabet (GOOG.O) from $440 to $355.

PBF Energy: The crude oil market may normalize faster than the refined product market.

A spokesperson for the British Prime Minister stated that no timetable has been set for the welfare cuts bill.

A spokesperson for the British Prime Minister stated that the government will push forward with welfare reforms before the next general election. Prime Minister Burnham and Chancellor of the Exchequer Healy believe the welfare bill needs to be cut.

Nick Timuraos, the Fed's mouthpiece: The core PCE index rose 0.32% month-over-month in September, and 3.1% year-over-year (compared to 3.0% in August and 2.8% a year ago). The six-month annualized increase was 2.9% (compared to 2.8% in August and 2.9% a year ago). The three-month annualized increase was 2.9% (compared to 2.2% in August and 2.6% a year ago).

The U.S. Bureau of Economic Analysis reported that personal spending increased by $113 billion in September. Personal savings totaled $911.1 billion, representing a savings rate of 3.8%.

Following the release of the US PCE data, US Treasury yields fell further; the 10-year Treasury yield was last down 2.74 basis points to 5.02%.

According to the U.S. Bureau of Economic Analysis, real final sales to domestic private buyers (the sum of personal consumption expenditures and private fixed investment) rose 4.9% in the third quarter, compared with a 4.6% increase in the second quarter.

The U.S. Bureau of Economic Analysis reported that third-quarter real GDP growth was driven by increased investment, consumer spending, and government spending, but this growth was partially offset by a decline in exports. Imports, however, increased.

U.S. stock index futures narrowed their losses slightly after the release of economic data.

The preliminary reading of the US third-quarter GDP price index was 2.3%, below the expected 3.2% and the previous reading of 6.10%.

The initial estimate for the annualized quarterly rate of US real GDP in the third quarter was 3.4%, a significant acceleration from 2.2% in the previous quarter, in line with market expectations of 3.2%.

The U.S. core PCE price index rose 0.3% month-on-month in September, in line with market expectations, compared with 0.2% in the previous month.

U.S. real personal consumption expenditures rose 0% month-on-month in September, revised from 0.60% to 0.5% in the previous month.

U.S. third-quarter final sales annualized quarterly rate preliminary reading was 1.7%, below the expected 2% and the previous reading of 2.8%.

The U.S. PCE price index rose 0.5% month-on-month in September, below the expected 0.50% and the previous reading of 0.30%.

The preliminary estimate for U.S. real personal consumption expenditures in the third quarter was 3.8%, below the expected 3.4% and the previous value of 3.80%.

The US core PCE price index rose 3.1% year-on-year in September, below the expected 3.10% and the previous reading of 3.00%.

The U.S. PCE price index rose 3.6% year-on-year in September, below the expected 3.60% and the previous reading of 3.40%.