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Why Shares of Upstart Rose Today

TheMotleyFool

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Shares of Upstart (NASDAQ: UPST) rose 7.5% Tuesday as tech stocks continued to rebound after their worst month of trading since March 2020, when COVID-19 worries pummeled the market. The Nasdaq Composite only rose about 0.75% for the day.

Fintech stocks, in particular, were among the rally's leaders. They've been getting hammered since November, when it began to become clear that the Federal Reserve was changing its approach to rising inflation, beginning a slow tightening of its ultra-loose and accommodative monetary policy.

Image source: Getty Images.

Source Fool.com

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