Skydance Shares Drop 22% Amid Market Turmoil; Apple Reaches $5 Trillion Cap

• Skydance shares closed down 22% at just over $7 after warrant distribution to investors.
• Apple shares rose, regaining a $5 trillion market cap despite broader market declines.
• Markets reacted negatively to a worse-than-expected September inflation reading, raising interest rate concerns.
• Tech stocks, particularly debt-heavy companies, were hit hard by the market volatility.
• Overall markets mostly ended in the red, with tech stocks leading the declines.