Opendoor Technologies Stock Surges on Fed Rate Cut Speculation
Opendoor Technologies (OPEN) shares rallied 14.2% as weak employment data fueled expectations of imminent Federal Reserve rate cuts. The housing sector outlier benefited from market bets that lower mortgage rates could thaw the frozen real estate market.
The digital asset market remains disconnected from this traditional finance movement, with no major cryptocurrency mentions in the housing sector news. Meme stock volatility continues to dominate retail trading patterns, mirroring the speculative behavior seen in some altcoin markets.