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● Reddit and Pinterest fell sharply in after-hours trading on weak guidance.
● September PCEInflationheated up, keeping pressure on the Fed.
● The ECB also held rates but said further tightening could be considered.
● Brent settled at $114.88 a barrel and WTI at $102.00 on Thursday.
● Warsh called labor conditions "quite positive" and stressed gettingInflationdown.
● The Fed statement upgraded economic activity to expanding at a strong pace.
● The Russell 2000 jumped 28.71 points to 2,859.22 while Big Tech struggled.
● Consumer spending held up strongly despite elevated gasoline prices.
● Merck beat estimates, raised its profit outlook and led the Dow's gainers.
● Thursday's GDP and PCE data strengthened the case for a December hike.
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