The main indices of the United States (US) closed mixed but trended in the negative direction, breaking the momentum of the rally with a weakening dollar giving a boost to commodities and depressing Treasury yields.
Microsoft and Alphabet's weak 3rd quarter (Q3) corporate report results due to a fall in advertising revenue and weak growth in cloud computing services (cloud) affected several major US indices.
Alphabet saw its shares drop 9% with Microsoft down 7% during the New York session while Meta Platforms, which issued a mid-session report, tumbled 5%.
As a result, the Dow Jones Industrial index rose 0.01% while the S&P 500 index fell 0.74% and the Nasdaq Composite plunged 2.04%.
Europe's STOXX 600 index continued to enjoy its best moments with a 0.7% jump, its strongest level since September 20 while MSCI's gauge of global shares retreated from a 5-week high.
In the Asian region, Japan's Nikkei 225 started weak with Topix losing 0.92% while South Korea's Kospi added 0.7% and Kosdaq gained 0.57%.
Australia's gauge S&P/ASX 200 rose 0.46% while MSCI's broadest Asia Pacific index of shares outside Japan slipped 0.51%.
In the meantime, the dollar continued to depreciate and was accompanied by the US Treasury yield at 4.007% which in turn pushed the world's main commodities to peak.
Spot gold hit a 2-week high with a 0.65% jump while gold futures rebounded 0.7% at $1,669.20.
Oil commodities saw Brent futures up 2.3% at $95.69 and US crude up 3% at $87.91.
