StubHub CEO Eric H. Baker and other company executives rang the opening bell on the first day of the StubHub IPO at the New York Stock Exchange on Wall Street in New York City on September 17, 2025. The DOW was up almost 500 points after news that the Federal Reserve cut its target interest rate.

StubHub CEO Eric H. Baker (C), along with other StubHub representatives, ring the opening bell on the first day of the StubHub IPO at the New York Stock Exchange on Wall Street in New York City on September 17, 2025. Photo by John Angelillo/UPI

The company's shares are set to began trading at the NYSE under the stock symbol STUB. Photo by John Angelillo/UPI

Baker is interviewed on CNBC after ringing the opening bell. Photo by John Angelillo/UPI

The StubHub brand logo hangs on a banner at the entrance to the NYSE. Photo by John Angelillo/UPI

Traders work on the floor of the NYSE. Photo by John Angelillo/UPI

Five Point Energy CEO and chairman of WaterBridge David Capobianco (R) and WaterBridge CEO Jason Thomas Long, celebrate when WaterBridge begins trading. Photo by John Angelillo/UPI

A trader displays a "Make America Great Again" hat. Photo by John Angelillo/UPI

The DOW was up almost 500 points after news that the Federal Reserve cut its target interest rate. Photo by John Angelillo/UPI

As financial markets expected, the Fed lowered rates a quarter point to a range of 4% to 4.25%, its first cut since December. Photo by John Angelillo/UPI

The scene at the NYSE. Photo by John Angelillo/UPI