Opendoor (OPEN) Soars 13% on Rate Cut Prospects for Real Estate Market

Core Viewpoint - Opendoor Technologies Inc. (NASDAQ:OPEN) has shown strong performance, rising by 13.37% to $7.97, driven by positive investor sentiment regarding potential interest rate cuts [1][3]. Group 1: Interest Rate Impact - The US central bank is expected to meet for the Federal Open Market Committee (FOMC) meeting, with economists predicting a 25-basis point rate cut due to lower-than-expected September consumer inflation [2]. - A potential interest rate cut is anticipated to benefit Opendoor and the real estate sector, as it may enhance lending opportunities and encourage homebuyer borrowing [3]. - The Federal Reserve is projected to announce an additional rate cut by the end of the year, which would support borrowing volume and align with Opendoor's expansion plans across the US [4].