Shares of financial brokerage and technology company BGC Group (NASDAQ:BGC) jumped 3% in the afternoon session after the broader market rallied as the head of the Federal Reserve hinted that interest rate cuts could be forthcoming. The positive sentiment swept across Wall Street, with the S&P 500 gaining 1.6% and the Dow Jones Industrial Average soaring over 900 points. The market-wide rally was sparked by comments from the head of the Federal Reserve, who hinted that interest rate cuts, a move highly anticipated by investors, may be forthcoming. This signal buoyed investor confidence, leading to widespread gains across various sectors as traders reacted favorably to the prospect of a less restrictive monetary policy.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor.
The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
According to a CNBC report, Bank of America analyst Eli Abboud believes that the Trump administration’s preference for deregulation will benefit the company’s trading offerings, including the new FMX Futures Exchange.
BofA analyst downgrades CME Group to Underperform, citing intensified competition from BGC, Cboe, and ICE, with expected pricing cuts and market share losses.
Shares of Bitdeer Technologies Group (NASDAQ: BTDR) rose sharply during Monday’s session after the company reported preliminary fourth-quarter financial results, announced the successful testing of its SEAL01 Bitcoin mining chip and amid overall strength in the price of Bitcoin.
U.S. stocks traded lower, with the Dow Jones falling around 200 points on Wednesday. Here are some big stocks recording gains in today’s session. Powell Industries, Inc. (NASDAQ: POWL) shares jumped 36.3% to $83.52 following upbeat quarterly results.
