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News  ›  The Motley Fool

Why Opendoor Technologies Skyrocketed 13.9% Today

The Motley Fool Logo The Motley Fool By Johnny Rice
Why Opendoor Technologies Skyrocketed 13.9% Today

Opendoor Technologies stock jumped 13.9% after the President of the Federal Reserve Bank of New York suggested potential interest rate cuts in December, which could positively impact the company's borrowing costs.

Insights
GOOG   positive

Listed among key players developing AI and computer vision technologies for healthcare


OPEN   positive

Stock price increased 13.9% due to potential interest rate cuts, which could reduce borrowing costs and improve the company's financial outlook