Inflation Relief Rally: Stocks Surge, Rocket Soars

Stocks soared after wholesale inflation unexpectedly dropped, fueling hopes for future Fed rate cuts and cheaper mortgages. Rocket Companies and Mr. Cooper Group led the charge, with Rocket shares jumping three percent. Rocket's stock is also up ninety-two percent this year, boosted by an upcoming merger with Mr. Cooper, but investors are watching future rate decisions closely. Hosted on Acast. See acast.com/privacy for more information.