Stocks Surge on Fed Rate Cut Hopes

Federal Reserves Potential Rate Cut Boosts Stocks: Ralph Lauren, Gray Television, Norwegian Cruise Line See GainsThe Federal Reserves hint at a possible interest rate cut sparked a positive market response, with Ralph Lauren, Gray Television, and Norwegian Cruise Line experiencing significant stock increases. The probability of a December rate cut surged from 39% to over 73%, relieving market concerns over high valuations, particularly in AI. Norwegian Cruise Lines stock, despite a 4.8% surge, remains down nearly 30% this year and below its 52-week high. This episode underscores the markets sensitivity to interest rate news and economic policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.