Park-Ohio Stock Jumps After Powell Signals Rate Cuts

Park-Ohio shares surged almost eight percent following Jerome Powell's hint at potential interest rate cuts, fueling a broad market rally. While lower rates boost industrial stocks like Park-Ohio, easing concerns about borrowing costs and trade tensions, the stock remains down over twenty percent year-to-date, with modest five-year returns. Hosted on Acast. See acast.com/privacy for more information.