Acadia Healthcare shares rise 8.76% premarket as investors anticipate a Federal Reserve interest rate cut.

Acadia Healthcare Company, Inc. rose 8.76% in premarket trading. The increase is likely due to investor confidence in an upcoming interest rate cut by the Federal Reserve, which is expected to support the economy and potentially boost healthcare stocks. The market is pricing in a 98% certainty that the Federal Reserve will cut interest rates by a quarter point in September, driven by softening labor market data and inflation concerns.