Korn Ferry, PAR Technology, and TaskUs Stocks Surge on Interest Rate Hints

Korn Ferry, PAR Technology, and TaskUs stocks jumped after Federal Reserve comments hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled a possible adjustment to support the job market. This led to a rally in major indices and optimism in the markets, with these stocks rising 3.7%, 3.4%, and 3.8%, respectively. TaskUs's shares have been volatile, with 19 moves greater than 5% over the last year. The company's recent Q3 financial results surpassed Wall Street expectations, posting revenue of $298.7 million, up 17% YoY, and adjusted EPS of $0.42.