Shares of Opendoor Technologies Inc (NASDAQ:OPEN) are trading higher Monday morning, likely fueled by favorable macroeconomic signals. The stock has now seen a 27% increase over the last five trading sessions and a 102% surge in the past month.
What To Know: The primary catalyst for Monday’s momentum came from Federal Reserve Chair Jerome Powell's address last week at Jackson Hole. Powell suggested a softening stance on monetary policy, hinting that the central bank could consider cutting interest rates if the economy shows further signs of slowing.
