Rivian (Nasdaq: RIVN) Leads a Pack of Heavily Shorted Stocks that Soared on Friday
Briefly

Jerome Powell's announcement at the Jackson Hole retreat indicated that the Federal Reserve may soon adjust interest rates, offering optimism for various market sectors.
Friday's market saw heavily shorted stocks making significant gains, with the Russell 2000 index up 3.19%, outperforming the S&P 500's rise of 1.15%.
As interest rates are projected to decline, sectors including small cap stocks, EV stocks, and housing stocks are poised for potentially large gains.
The market's reaction to the Fed's signals emphasizes the growing interest in high upside stocks as the financial landscape evolves with market conditions.
Read at 24/7 Wall St.
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