Stocks Rise on Mixed Economic Data; MPWR, AMZN, GDDY See After-Hours Moves
Wall Street's major averages closed higher as traders processed mixed economic data showing slightly cooler core inflation and slower growth. The S&P 500 rose by 1.7%, while the Nasdaq Composite also gained ground due to its heavy tech weighting. The market reaction reflects optimism that the Federal Reserve may ease its aggressive monetary policy stance, though uncertainty remains about future rate decisions. After-hours trading saw significant movement in several stocks including MPWR (MaxLinear), AMZN (Amazon), and GDDY (GoDaddy). Investors are closely watching these after-hours movers for potential signals on broader market sentiment ahead of the next major economic report.
Tickers: $AMZN $GDDY $MPWR $MXL
Topics: economic growth inflation data Nasdaq Composite S&P 500