Overview

• Opendoor rose about 11.5% intraday with no fresh operational announcements driving the move.
• Kaz Nejatian began his first day as chief executive as co‑founder Keith Rabois returned as chairman.
• Investors are positioning for a widely expected 25 basis‑point reduction in the federal funds rate this week.
• The Fed is set to release its quarterly dot‑plot projections alongside Chair Jerome Powell’s press‑conference commentary.
• Given Opendoor’s heavy housing‑market sensitivity and meme‑style trading, observers expect further volatility tied to the Fed’s messaging.