Stocks Mixed After PCE Report; AMD Breaks Out While NYCB Warns of Issues
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Dow Jones futures tilted lower after hours following a PCE inflation report, along with S&P 500 and Nasdaq futures.
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Nvidia rival AMD broke out while Airbnb and Lennar reclaimed buy points. Dell, NetApp, Elastic, and others reported earnings after Thursday's close.
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The stock market rally advanced Wednesday to fresh highs for the S&P 500 and Nasdaq following the inflation report. The Russell 2000 hit a 52-week peak.
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New York Community Bancorp warned of "internal controls" issues late Thursday. The chairman is taking over as CEO immediately.
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Ideal market action would see indexes pause for a few days as more stocks form bases and small caps break out, but the market will do what it wants.