Lowe's Stock Surges on Fed Rate Cut Hopes

Lowes stock surged as Fed hints at interest rate cuts, boosting investor optimism for increased consumer spending and retail sales during the holiday season. Despite mixed earnings results, Lowes saw a three percent jump in stock price following New York Federal Reserve President John Williams suggestion of further policy easing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.