Stock Market Today: Nasdaq Leaps As Fed Rate Hike Odds Sink; Biotech Jumps 20%, Sezzle Fizzles Out The recent decline in Federal Reserve rate hike odds has sent shockwaves through the stock market, prompting investors to reassess their portfolios.
While some sectors have responded strongly, others are struggling to recover from economic uncertainty. The Nasdaq's 1.
3% gain on Friday appears impressive at first glance, but a closer look reveals that this performance is largely a reaction to the Fed's perceived shift in policy.