U.S. PCE data exceeded expectations, with the Nasdaq index dropping 1% at the open, the S&P 500 down 0.76%, and the Dow Jones down 0.50%. Microsoft fell over 4% at the open, expecting a slowdown in cloud business revenue growth this fiscal quarter. Li Auto dropped over 8%, with Q3 net profit roughly flat year-on-year, and Q4 revenue guidance falling short of expectations. Estee Lauder fell over 24%, marking its largest historical decline, as the company withdrew its fiscal year 2025 outlook and lowered its dividend. Shell rose over 1%, with adjusted profits in the third quarter exceeding expectations