Stocks drop with Meta, Microsoft; dollar eases after U.S. data

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NEW YORK LONDON Oct 31 - World stock indexes dropped on Thursday, with the Nasdaq down more than 2% after Facebook owner Meta Platforms , opens new tab and Microsoft , opens new tab both warned of rising costs for artificial intelligence, while the dollar weakened slightly after U.S. data did little to suggest a change to Federal Reserve policy.

All eyes will be on results from Amazon.com , opens new tab and Apple , opens new tab, when they report after the closing bell. The dollar also came under pressure against the yen after the Bank of Japan took a less dovish tone than expected, while the euro was stronger after data showed the bloc's inflation accelerated more than expected in October, bolstering the case for caution in European Central Bank interest rate cuts.The dollar index , which measures the greenback against a basket of currencies, was last flat at 104.13, with the euro up 0.1% at $1.0866. Against the Japanese yen , the dollar weakened 0.

Opinion polls still are putting Republican Donald Trump and Democratic Vice President Kamala Harris neck and neck.

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