Stocks Soar on Fed Comments: Option Care Health, DaVita, Revvity, West Pharmaceutical Services, and Bausch + Lomb Shares Rise Amid Interest Rate Cut Hopes

Stocks such as Option Care Health, DaVita, Revvity, West Pharmaceutical Services, and Bausch + Lomb surged after a Federal Reserve official hinted at a potential interest rate cut. New York Federal Reserve President John Williams stated there's "room for a further adjustment," boosting hopes for a December rate cut. This news sparked a market rally, with the probability of a rate cut increasing to over 73%. The stocks jumped between 4.3% and 5.1%.