Why Opendoor Technologies Stock Is Skyrocketing Today
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Opendoor Technologies' stock surged 8.9% on Friday, driven by meme stock momentum and a weaker-than-expected U.S. jobs report, which showed only 22,000 jobs added in August versus the anticipated 75,000. This weak report increases the likelihood of an interest rate cut by the Federal Reserve, potentially allowing Opendoor to refinance its debt at lower rates. The stock has risen approximately 306% year-to-date, fueled by speculative trading and excitement over new AI tools, although it remains a high-risk investment.
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