MPWR, AMZN, and GDDY lead after-hours trading following a rally driven by softer core inflation and economic growth figures.
The S&P 500 rose 1.7% on Thursday, closing at session highs as investors digested economic data indicating a modest slowdown in core inflation and growth. The Nasdaq Composite also advanced, supported by gains in technology stocks amid easing price pressures.
Prior to the release, markets had priced in expectations of a gradual cooling in inflation, though the data came in slightly below consensus estimates. The rally extended into after-hours trading, with MPWR, AMZN, and GDDY among the standout movers.
Traders appeared to interpret the data as a potential signal for less aggressive monetary policy tightening, though broader macroeconomic concerns persisted.