Fed Rate Cut Boosts Stocks

Stocks soared Friday following hints of a potential September interest rate cut by the Federal Reserve, igniting rallies in industrials, financials, and homebuilder stocks. The Russell 2000 led the charge, fueled by hopes that lower rates will revitalize the housing market and boost small-cap companies burdened by variable-rate debt. Investors are now keenly awaiting confirmation of the Fed's next move, anticipating further gains in rate-sensitive sectors. Hosted on Acast. See acast.com/privacy for more information.