Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning, today is Thursday, November 3rd,

and I'm your host Julie Morgan.

Our top stories.

Apple is now worth more than Alphabet, Amazon, and Meta combined.

Chesapeake Energy plans for flat production next year. Tupperware is in our day watch.

Elon Musk plans to cut half of Twitter jobs.

Wheat futures give up this week's gains. And Adobe's purchase of Figma is getting a DOJ review.

The announcement of the Federal Reserve's latest policy decision inspired jagged trading in the final hours of

Wednesdays trading with the major US equity averages eventually finishing the

day solidly in negative territory. The markets initially had trouble deciphering the signals sent by Fed Chairman Jerome

Powell as the U.S. Central Bank announced its fourth consecutive interest rate increase of

75 basis points. Eventually the message registered as not dovish enough for Wall Street

pushing the major averages lower. The NASDAQ finished down nearly 3.4 percent.

The S&P closed down 2.4 percent.4 percent, and the Dow ended down 1.6 percent. All 11

S&P sectors finished the day lower by at least 1 percent%. This was led by the mega cap sectors of communication services,

consumer discretionary, and Infotech, which each dropped by more than 3%.

Alphabet, Apple, and Microsoft all fell by nearly 4%.

At the same time, Meta and Amazon showed declines of around 5%, while Tesla dropped nearly 6%.

Leo Nellison is a seeking Alpha contributor with BN capital.

He says an early pivot could make the Fed's job even harder

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