Stocks surged after the Federal Reserve cut interest rates and hinted at more cuts in the future. The initial market pullback was reversed as tech stocks led the charge, propelling major indexes to record levels. The decision was driven by signs of a weakening labor market, with lower rates seen as positive for stocks. Coastal Financial’s shares reacted to the news, indicating investor sentiment remains cautious. The U.S. economy added only 22,000 jobs in August, triggering concerns of a deeper slowdown. Despite the market volatility, Coastal Financial is up 36.2% year-to-date, nearing its 52-week high. Stay updated on stock movements with StockStory watchlist.

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