Why Bed Bath & Beyond Is Rising Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were bouncing 3.3% higher Tuesday morning at 11:11 a.m. ET as the broader market celebrated the possibility of an easing of tensions between the U.S. and China. President Biden met with President Xi Jinping yesterday, which could mark the start of a deescalation of rancor between the two countries, though nothing substantive actually took place.
At the same time, there was some optimism the Federal Reserve might not be implementing more aggressive interest rate hikes.
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Source Fool.com
