Mohawk Industries Stock Surges on Rate Cut Hopes

Mohawk Industries stock price jumped over seven percent after Jerome Powell hinted at possible interest rate cuts, exciting investors who believe lower rates will boost the housing market and demand for Mohawk's flooring products. This unusually large move for the company contributed to a broader stock market rally, adding to Mohawk's fifteen percent year-to-date gain. Hosted on Acast. See acast.com/privacy for more information.