Williams-Sonoma Shares Surge on Fed Rate Cut Hopes

Williams-Sonomas stock surged nearly four percent today, following hints from a Federal Reserve official about a potential interest rate cut. This optimism, despite recent consumer confidence reports, suggests investors believe lower rates will boost retail sales, benefiting Williams-Sonoma during the holiday season. The stock closed at $177.93, a three point one percent increase, though its still down six percent this year and nineteen percent below its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.