Stocks Soar: Ingram Micro, Kforce, ScanSource, EchoStar, TransUnion Rise Amid Fed Dovish Remarks

Shares of Ingram Micro, Kforce, ScanSource, EchoStar, and TransUnion surged as Fed Chair Jerome Powell hinted at a potential shift in monetary policy, including interest rate cuts. Powell's dovish remarks eased market concerns about prolonged high interest rates and boosted investor confidence in sectors that have lagged. The stocks jumped 4.8% to 12.6% in the afternoon session.

Shares of Ingram Micro (NYSE:INGM), Kforce (NASDAQ:KFCE), ScanSource (NASDAQ:SCSC), EchoStar (NASDAQ:ES), and TransUnion (NYSE:TRU) surged in the afternoon session on July 2, 2025, following Fed Chair Jerome Powell's dovish remarks about potential interest rate cuts. Powell's comments eased market concerns about prolonged high interest rates and boosted investor confidence in sectors that have lagged. The stocks jumped 4.8% to 12.6% in the session [1].

Powell's remarks indicated that the Federal Reserve might shift its monetary policy, which has been a significant factor in the recent market volatility. The dovish tone from the Fed Chair has led investors to believe that the central bank may lower interest rates in the near future, providing a boost to sectors that have been underperforming.

Ingram Micro, a global technology distributor, saw its stock price rise by 2.8% to $19.37, despite missing analysts' EPS estimates and revenue guidance for the next quarter. The company reported revenues of $12.79 billion, up 10.9% year on year, which exceeded analysts' expectations by 6.4% [1].

ScanSource, Inc. (NASDAQ:SCSC), a leading technology distributor, also saw a significant increase in its stock price. The company reported strong Q4 2025 earnings, with net sales growing almost 9% year-over-year and adjusted EBITDA increasing by 13%. The stock price surged 12.6% to $23.45, driven by the positive outlook and the potential benefits from a shift in monetary policy [2].

Kforce, a professional services company, saw its stock price rise by 4.8% to $22.50. The company's performance has been closely tied to the economic outlook, and the dovish remarks from the Fed Chair have provided a boost to investor confidence.

EchoStar and TransUnion also saw their stock prices rise, with EchoStar's stock price increasing by 11.2% to $15.50 and TransUnion's stock price rising by 8.5% to $50.20. Both companies have been impacted by the high interest rate environment, and the potential for rate cuts has led to a significant increase in their stock prices.

The market's response to Powell's remarks highlights the importance of monetary policy in shaping investor sentiment and stock prices. The dovish tone from the Fed Chair has provided a boost to sectors that have lagged, and investors are hopeful that the potential for interest rate cuts will lead to further gains in these stocks.

References:
[1] https://finance.yahoo.com/news/reflecting-distribution-solutions-stocks-q2-033427985.html
[2] https://seekingalpha.com/news/4488033-scansource-outlines-new-3-year-strategic-goals-and-projects-3_1b-3_3b-fy26-revenue-as