Why Upstart Stock Jumped More Than 30% This Week
Shares of Upstart (NASDAQ: UPST) were among the big winners this week, even though there was no news out on the artificial intelligence (AI)-based consumer lending company.
Instead, Upstart stock soared on signs that the Federal Reserve could be done raising interest rates following the Federal Open Market Committee (FOMC) meeting on Wednesday.
As a result, the stock was up 31.3% for the week as of 3:09 p.m. ET, according to S&P Global Market Intelligence.
Source Fool.com
