US equity futures gave up modest gains and European stocks retreated from their highs as the relief rally encouraged by an in-line reading on American inflation faded.
Contracts on the S&P 500 and the Nasdaq 100 fluctuated after the indexes closed at records Thursday, rounding off four months of gains. New York Community Bancorp Inc. fell more than 30% in premarket after identifying “material weaknesses” in how it tracks loan risks. Dell Technologies Co. soared 21% after its results beat expectations. Apple Inc. slipped as Goldman Sachs Group Inc. removed the stock from its conviction list, while keeping a buy rating. Europe’s Stoxx 600 index trimmed an advance of as much as 0.5%.
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