Prospect Capital Corporation shares rise 1.35% premarket as lower US rates boost market sentiment.

Prospect Capital Corporation rose 1.35% in premarket trading. The increase in stock price may be attributed to the overall positive sentiment in the market, as shares received a lift in Asia due to the prospect of lower borrowing costs, which helped soothe concerns about the U.S. economy. This buy-the-dip mentality led to a bounce in Wall Street and European stock futures, allowing the dollar to stabilize after Friday's U.S. payrolls-induced retreat.