MGM Resorts Stock Soars on Rate Cut Hopes

MGM shares surged almost 5% after hints of upcoming interest rate cuts from the Federal Reserve sent the Dow soaring 900 points! Discover how cheaper borrowing costs could fuel a boom for travel and entertainment stocks, boosting companies like Caesars and cruise lines. Was this rally a one-off, or does it signal long-term growth potential for hospitality investors? Find out how MGM's performance stacks up and what it means for your portfolio. Hosted on Acast. See acast.com/privacy for more information.