Merck Shares Surge, Market Eyes Rate Cuts
Update: 2025-11-24
Description
Mercks shares surged by over four percent today, following Wells Fargos upgrade from Equal-Weight to Overweight, signaling strong confidence in the companys future prospects. This significant jump, which settled at about three and a half percent, is notable as Mercks shares are typically not very volatile. The broader market also received a boost, with the probability of a December interest rate cut jumping from thirty-nine percent to over seventy-three percent, following New York Federal Reserve President John Williams remarks. This positive economic outlook, along with Mercks consistent growth, paints an interesting picture for investors.
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
