Shares of Advance Auto Parts (NYSE:AAP) surged 7.2% after the Federal Reserve cut interest rates by 25 basis points. The move injected liquidity and lowered short-term Treasury yields, sparking a bullish market reaction. The shares closed at $49.05, up 5.9% from the previous close. Advance Auto Parts has been volatile, with 34 moves greater than 5% in the last year. The stock is up 1.4% since the beginning of the year but still trades 26.6% below its 52-week high. Investors are monitoring sector-wide challenges following AutoZone’s weak results.

Read more at Barchart: Why Advance Auto Parts (AAP) Stock Is Up Today