Stocks surged as markets rallied on speculation of a potential interest rate cut by the Federal Reserve. Favorable CPI report fueled expectations for a rate reduction next month. U.S. Treasury Secretary called for a significant cut, leading to a ‘risk-on’ sentiment on Wall Street. Lower rates benefit growth sectors like healthcare. Among impacted stocks, Exact Sciences (EXAS) saw a notable move. The company’s shares have been volatile, with today’s move significant but not altering fundamental perception. Recent drops in healthcare equities were driven by various negative factors, impacting Exact Sciences. The stock is down 20.8% YTD and trading below its 52-week high.

Read more at Stockstory.org – Bloomberg: Sotera Health Company, Incyte, Exact Sciences, Bausch + Lomb, and Addus HomeCare Shares Skyrocket, What You Need To Know