Fed Official's Remarks Spark Stock Rally

Stocks surged yesterday, driven by Federal Reserve official John Williams hint at a potential interest rate cut. This news, along with relief from high stock valuations, led to a broad market rally. Notable gains were seen in therapeutics and medical device sectors, with companies like AbbVie, Biogen, BioMarin Pharmaceutical, DexCom, and Abbott Laboratories seeing significant increases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.