Western Digital Shares Soar After Fed Rate Cut

Western Digitals shares surged by nearly seven percent following the Federal Reserves decision to cut its key interest rate, a move that boosted investor confidence and led to a strong rally in the stock market. The companys stock price has increased by nearly two hundred percent since the start of the year, with a one thousand dollar investment from five years ago now worth over three thousand five hundred dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.