Shares of Steven Madden (NASDAQ:SHOO) jumped 4.1% after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, boosting the broader market. Despite cooling down to $28.40, up 4.7% from the previous close, the stock remains volatile with 20 moves greater than 5% in the past year. The market seems to view this news as significant but not fundamentally altering its perception of the business. Steven Madden is down 32.3% year-to-date, trading 42.9% below its 52-week high. Investors are eyeing the potential benefits of lower interest rates on consumer spending and the Consumer Discretionary sector.

Read more at Barchart: Steven Madden (SHOO) Stock Is Up, What You Need To Know