Fed Rate Cut Hopes Boost Stocks

Major stocks, including Kontoor Brands, Under Armour, and LKQ, surged following hopeful comments from a Federal Reserve official about potential interest rate cuts. The market reacted positively, with shares of these companies climbing by nearly three percent. This recent move suggests renewed investor interest, despite LKQs stock still being down eighteen point four percent since the beginning of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.