Fed Rate Cut Hopes Boost Market, Tech Stocks Sell Off
Update: 2025-11-21
Description
Stock Market Surge: Feds Rate Cut Signal, Tech Sell-Off, and Government Shutdown ImpactThe stock market experienced a significant afternoon rally this week, driven by comments from New York Federal Reserve President John Williams hinting at a potential interest rate cut. This news doubled the likelihood of a December rate cut, boosting investor confidence and easing concerns about high-valued AI stocks. Meanwhile, several sectors saw notable gains, including Bark, Wolverine Worldwide, Genesco, Caleres, and Marriott Vacations. This market movement reflects a broader trend of investors rotating out of tech stocks, which have become too expensive, and into other areas. The recent end of the government shutdown also influenced this cautious mood, as investors anticipate a flood of delayed economic reports that could impact future rate cuts.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
