Stocks Soar in Best February in Years; NY Community Bank Slumps on CEO Exit and Losses
- Stock market indices logged best February performance in years (S&P 500, Nasdaq up most since 2015)
- New York Community Bancorp shares plunge on news of CEO exit, control issues
- Bitcoin holds above $62K, pulling back slightly after 5 weeks of gains
- NYCB revised 4Q loss much higher to $2.7B, cut dividend last month
- Markets pause on Friday after strong February rally