LegalZoom’s stock rose 3% following the PCE inflation report meeting expectations, boosting investor confidence in potential Fed interest rate cuts. The report showed a slight y-o-y acceleration but stayed within economists’ forecasts, signaling effective inflation management by the Fed. The Dow Jones went up by about 300 points, reflecting market relief. LegalZoom shares closed at $10.90, up 2.6%. Recent market volatility suggests today’s move is significant but won’t fundamentally change perceptions. The previous big move was a 4.1% drop due to weak August jobs data, sparking recession fears. The stock is up 44% YTD, trading near its 52-week high.

Read more at StockStory Inc.: LegalZoom (LZ) Stock Is Up, What You Need To Know