Key Federal Reserve official’s comments on potential interest rate cut lead to afternoon stock market surge. New York Federal Reserve President John Williams suggests further policy easing, raising probability of December rate cut from 39% to 71%. Software sector benefits from lower rates, as they increase future earnings value. Sprout Social’s volatile shares impacted by market rotation out of high-valuation growth stocks. Stock down 68.3% since start of year, trading 73.2% below 52-week high. Investors cautiously reacting to government shutdown end and upcoming economic data release.

Read more at Stock Story: Zeta Global, C3.ai, Bandwidth, Five9, and Sprout Social Stocks Trade Up, What You Need To Know