Reported 1 day ago
Opendoor Technologies Inc. (NASDAQ:OPEN) saw a significant increase of 13.37% in its stock price on Friday, closing at $7.97, driven by investor optimism over the prospect of an interest rate cut. With the upcoming Federal Open Market Committee meeting, economists are forecasting a 25-basis point rate decrease following lower-than-expected September consumer inflation. Such a cut would favor Opendoor and the real estate sector, enhancing lending opportunities for homebuyers, while also supporting Opendoor's growth plans across the US.
Source: YAHOO