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Stock impact report

QuinStreet (QNST) Stock Trades Up, Here Is Why [Yahoo! Finance]

QuinStreet, Inc. (QNST) 
Last quinstreet, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.quinstreet.com/company-overview
Company Research Source: Yahoo! Finance
Shares of performance marketing company QuinStreet (NASDAQ:QNST) jumped 3% in the afternoon session after Federal Reserve Chair Jerome Powell indicated that interest rates could be cut. The positive sentiment swept across Wall Street, lifting major indices like the Dow Jones Industrial Average, S&P 500, and the tech-heavy Nasdaq. Powell's comments eased investor concerns about prolonged high borrowing costs. Lower interest rates can stimulate economic growth by making it cheaper for companies and consumers to borrow, which often translates to higher corporate profits and stock valuations. The widespread rally suggests investors are optimistic that a less restrictive monetary policy from the central bank is on the horizon. Show less Read more
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