CNBC Daily Open: September sell-off, October bounce?

Even a cooler-than-expected core PCE reading— an increase of just 0.1% for the month! — couldn’t cheer investors.

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeFriday, with the Nasdaq Composite the only major index to inch up. But all indexes fell for the quarter. Markets in China, Hong Kong and South Korea were closed Monday for holidays. Japan's Nikkei 225 edged up 0.

A"deeply oversold condition is starting to develop," Wolfe Research analyst Rob Ginsberg said in a Thursday note. Just 15% of stocks are trading above their 50-day moving average, said Ginsberg.

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