Fed Rate Cut Hopes Boost Stocks
Update: 2025-11-21
Description
Stocks for Sphere Entertainment, Red Rock Resorts, and Nike surged today following hints of a potential interest rate cut by a Federal Reserve official. The probability of a rate cut in December jumped from 39% to over 73%, boosting market hopes. Sphere Entertainment and Nike saw a 2.7% increase, while Red Rock Resorts rose by 2.8%. Despite todays gains, Red Rock Resorts shares remain about 11% below their 52-week high, reflecting market sentiment on the companys long-term prospects.
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