Williams-Sonoma Shares Rise 3.9% on Interest Rate Cut Hopes

Williams-Sonoma (WSM) shares jumped 3.9% after New York Federal Reserve President John Williams suggested room for further policy easing, boosting interest rate cut prospects. The stock closed at $177.93, up 3.1% from the previous close. The market considers this news meaningful but not fundamental to the business, with shares down 6% YTD and trading 19% below their 52-week high.