Market Movers: Dollar Tree Rises, Wynn Resorts and Cleveland-Cliffs Decline After Fed Rate Cut

Reported 21 days ago

In after-hours trading on November 4, 2024, Dollar Tree's stock increased after the announcement of Rick Dreiling's resignation as CEO, with current COO Michael Creedon Jr. taking over temporarily. Conversely, Wynn Resorts faced a dip in shares due to disappointing quarterly results from its Las Vegas operations, while Cleveland-Cliffs experienced a decline after reporting earnings below expectations, partly due to its ties to the auto industry. This follows a 25 basis point interest rate cut by the Federal Reserve.

Source: YAHOO

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