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Douglas Dynamics, Old Dominion Freight Line, Thermon, DXP, and Enphase Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve lowered its benchmark interest rate by a quarter-percentage point, signaling a more accommodative monetary policy.
Triumph Financial, Old National Bank, Glacier Bancorp, and First BanCorp Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve delivered its third and final interest rate cut of the year, lowering the federal funds rate by 25 basis points (0.25%) to a 3.50%-3.75% range.
Shoe Carnival and Williams-Sonoma Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve delivered its third and final interest rate cut of the year, lowering the federal funds rate by 25 basis points (0.25%) to a 3.50%-3.75% range.
Why Photronics (PLAB) Stock Is Up Today
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) jumped 43.9% in the afternoon session after the Federal Reserve cut its key interest rate, boosting investor confidence across the market.
Why Advance Auto Parts (AAP) Stock Is Up Today
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) jumped 7.2% in the afternoon session after the Federal Reserve delivered its third and final interest rate cut of the year, lowering the federal funds rate by 25 basis points (0.25%) to a 3.50%-3.75% range.
John Bean, Installed Building Products, and FTAI Infrastructure Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve lowered its benchmark interest rate by a quarter-percentage point, signaling a more accommodative monetary policy.
Cable One and VF Corp Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve cut interest rates by 25 basis points, signaling a potential boost for consumer spending. This dovish action, combined with highly accommodating signals from Chair Jerome Powell and the Federal Open Market Committee (FOMC), sent the Dow Jones Industrial Average and S&P 500 surging. The market's bullish reaction was rooted in several key takeaways from the Fed's announcement. Most significantly, the central bank confirmed it would begin expanding its balance sheet by buying short-term bonds, a move that injects critical liquidity and lowers short-term Treasury yields. Furthermore, the Fed signaled a shift in priority by removing language that described the labor market as "remaining low," suggesting it would be more focused on supporting economic growth. While the Fed's official forecast projected only one cut for the next year, traders immediately priced in the expectation of more aggressive easing, banking on at least two rate reductions. This widespread anticipation of sustained, low borrowing costs and the virtual certainty that rate hikes would be off the table boosted corporate valuations and created powerful momentum for the equity market rally.
Western Alliance Bancorporation (WAL) Stock Trades Up, Here Is Why
Shares of regional banking company Western Alliance Bancorporation (NYSE:WAL) jumped 4.2% in the afternoon session after the Federal Reserve delivered its third and final interest rate cut of the year, lowering the federal funds rate by 25 basis points (0.25%) to a 3.50%-3.75% range.
SolarEdge, Mayville Engineering, Standex, Rocket Lab, and Universal Logistics Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the Federal Reserve lowered its benchmark interest rate by a quarter-percentage point, signaling a more accommodative monetary policy.
Why Is Abercrombie and Fitch (ANF) Stock Rocketing Higher Today
Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) jumped 7.8% in the afternoon session after the Federal Reserve delivered its third and final interest rate cut of the year, lowering the federal funds rate by 25 basis points (0.25%) to a 3.50%-3.75% range.