Accel Entertainment and Golden Entertainment Stocks Surge Amid Hopes of Interest Rate Cut

Accel Entertainment and Golden Entertainment stocks jumped 3.3% and 3.2%, respectively, following comments from NY Fed President John Williams that bolstered hopes for an interest rate cut. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks. Accel Entertainment has only had 6 moves greater than 5% over the last year, and its net income plummeted 50% in Q2, attributing the decline to a loss related to contingent earnout shares.