A sell-off in artificial-intelligence-related shares sent South Korea’s Kospi down 7.6% and Japan’s Nikkei 225 down 4.9%. U.S. stocks recovered by the close. The Dow Jones Industrial Average gained 556 points, while the Nasdaq Composite finished about 20 points higher.
Associated Press [1]
A 16-year-old shot through locked doors and entered Silver Rail Elementary School in Bend, authorities said. Three children, ages 5, 8 and 11, and a teacher were killed. A 7-year-old child and another teacher were hospitalized in critical condition. Authorities said a person at the scene followed the attacker inside and shot him. Police found the attacker dead minutes after the first emergency call.
Associated Press [1]
Heavy rain flooded homes, roads and underpasses across Istanbul, leaving three people dead and four missing as of Thursday. Turkey’s interior minister said more than 2,700 stranded people were evacuated. Schools remained closed. Officials said some districts received their heaviest rainfall since 1985.
Associated Press [1]
A private school’s roof collapsed during classes in Peshawar, killing 34 children and a teacher, according to an updated Associated Press account. More than 50 people were injured as rescue crews searched the rubble. An earlier Reuters report carried a lower death toll.
The producer price index for final demand rose a seasonally adjusted 1.3% in September, the largest monthly increase since March 2022. Wholesale prices were 6.3% higher than a year earlier. Goods prices increased 2.6%, while services prices rose 0.8%. Energy and transportation costs contributed to the acceleration.