Why Upstart Stock Is Rocketing Higher Today
Investors extended their optimism in the market Tuesday after pushing stocks higher Monday. That helped fuel Upstart Holdings' (NASDAQ: UPST) share price gains this morning, as investors took their cue from better-than-expected bank earnings over the past two days.
As a result, the S&P 500 rose 1.8% this morning, the tech-heavy Nasdaq Composite jumped 1.9%, and Upstart's stock followed suit by climbing 5.4% as of 10:31 a.m. ET.
Yesterday, investors were enthusiastic about the market in general after Bank of America and Bank of New York Mellon reported better-than-expected quarterly results. Then today, Goldman Sachs' third-quarter earnings and revenue topped analysts' consensus estimates.
Source Fool.com
