Hotel and casino stocks surged after Fed Chair Jerome Powell signalled a potential rate cut, boosting optimism for expansion plans. Hilton, Marriott, and Hyatt gained 3-5%, while MGM, Wynn, and Caesar's rose 3-7%. Investors expect cheaper borrowing to fuel new projects, including MGM's Dubai resort and Wynn's $3.9 billion UAE casino. Retail sentiment was bullish for MGM and Caesar's.