Cohn & Steers Inc is a global investment management firm that specializes in income-oriented and alternative investment strategies. The company focuses on providing a range of investment solutions, including equity, fixed income, and real estate, catering to both individual and institutional investors. With a strong emphasis on research and analysis, Cohn & Steers seeks to deliver high-quality returns while managing risk effectively, leveraging its expertise in various sectors to identify investment opportunities that align with clients' financial goals. Read More
Shares of investment management firm Cohen & Steers (NYSE:CNS) jumped 5.7% in the afternoon session after the stock rallied along with the broader market as comments from Federal Reserve Chair Jerome Powell sparked hopes of a potential interest rate cut. The stock moved in tandem with a widespread market rally after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be on the horizon. Speaking at the annual central banking symposium at Jackson Hole, Powell's remarks ignited investor optimism. In response, Wall Street surged, with the Dow Jones Industrial Average soaring over 900 points to an all-time high. The S&P 500 and Nasdaq Composite also posted significant gains of 1.6% and 2.0%, respectively, marking one of the market's best days in months. The rally was fueled by hopes that lower interest rates would stimulate the economy.
Companies Reporting Before The Bell • ASML Holding (NASDAQ:ASML) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
Companies Reporting Before The Bell • Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
The REIT sector is set to experience a significant surge in 2024 driven by declining interest rates, improving credit markets and evolving Office REIT dynamics.
