A surge in the stock market was triggered by comments from a key Federal Reserve official hinting at a possible interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, suggested a potential reduction in the fed funds rate to support the job market. This announcement led to a shift in market expectations, with the likelihood of a rate cut in December increasing. Major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite rallied following the news. Additionally, CoreCivic’s shares experienced volatility due to previous lower-than-expected earnings and guidance adjustments, with the stock currently trading below its 52-week high.

Read more at Barchart: IMAX and CoreCivic Shares Skyrocket, What You Need To Know