Fed Rate Cut Hopes Boost Stocks, Market Rotation Emerges
Update: 2025-11-21
Description
Stocks surged in afternoon trading, buoyed by Federal Reserve President John Williams hints at an upcoming interest rate cut. The likelihood of a December rate cut jumped from 39% to over 73%. eHealth and Revolve saw significant gains, but investors are cautious, rotating profits from tech stocks into other sectors. Upcoming economic reports could influence the Feds decision, causing some investors to sell shares.
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