U.S. stocks fell; Apple rose over 1% as Intel plunged 20% after hours

U.S. stocks fell across all three major indices Thursday, dragged down by a sharp decline in Alphabet, while Apple rose over 1% against the trend. Intel plunged over 20% in after-hours trading following weak guidance. The Commerce Department reported September consumer prices rose 0.5% month-over-month and 3.6% year-over-year, accelerating from August. Third-quarter GDP grew at an annualized 3.4%, beating expectations, though inflation concerns remain ahead of next week's midterm elections. European Central Bank held rates at 2.5%, with officials signaling a likely December hike. SanDisk beat revenue estimates on AI-driven data center demand, while Amazon's Q3 capital spending exceeded $770 billion. Reddit announced plans to restrict access for unlogged users.