Opendoor (OPEN) stock jumped 9.6% on Friday as the market reacted to Fed rate-cut signals. New York Federal Reserve President John Williams hinted at "further adjustment in the near term," sparking hopes for December rate cuts.
Why this matters for OPEN: The company's business is extremely rate-sensitive—lower borrowing costs directly boost its digital real estate model. But here's the catch: Opendoor operates at a loss and relies heavily on debt, making it a high-risk play dependent on external factors it can't control.
The move reflects broader market optimism (S&P 500 +0.9%, Nasdaq +0.8%),
Why this matters for OPEN: The company's business is extremely rate-sensitive—lower borrowing costs directly boost its digital real estate model. But here's the catch: Opendoor operates at a loss and relies heavily on debt, making it a high-risk play dependent on external factors it can't control.
The move reflects broader market optimism (S&P 500 +0.9%, Nasdaq +0.8%),