Culp, Inc. shares rise 4.17% premarket as tech stocks fall after Powell's cautious remarks on interest rates.

Culp, Inc. rose 4.17% in premarket trading. The stock's movement aligns with the broader market sentiment, as stocks broke an AI-driven rally and Powell's caution tempered U.S. market movements. The Federal Reserve Chair's cautious approach to interest rate decisions and the delicate balance between inflation and labor market weakness may have contributed to the stock's upward movement.