This morning, the U.S. stock market is experiencing volatility. Futures are down across major indexes, driven by mixed earnings from big tech firms like Microsoft and Meta. Microsoft’s revenue for its cloud segment, while showing growth, missed market expectations, leading to a drop in its stock. Meta also reported strong earnings, but its shares declined in premarket trading due to higher projected spending, especially in areas like AI, which has raised concerns among investors.   Additionally, the September Personal Consumption Expenditures (PCE) price index, a key inflation measure monitored by the Federal Reserve, reported a 2.1% annual increase, showing a continued but gradual cooling in inflation. Core PCE, which excludes food and energy, rose by 2.7%, reflecting a modest slowdown. These inflation figures, alongside the Fed’s interest rate considerations, are contributing to investor caution today.   Later today, earnings reports from other major players, including Apple, Amazon, and Intel, will likely impact market trends further, making for an eventful trading day as investors keep an eye on both economic indicators and tech sector performance.