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Why Upstart Stock Jumped Early, Then Fell Today

TheMotleyFool

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Why Upstart Stock Jumped Early, Then Fell Today: https://g.foolcdn.com/editorial/images/704853/gettyimages-1223107132.jpg

Shares of Upstart Holdings (NASDAQ: UPST), an AI-powered lending platform, jumped in early trading today, likely because of continued optimism about the market from yesterday. But Upstart's shares quickly reversed course as news of the latest inflation data (which wasn't good) set in.

The fintech stock was down by 5.2% at 11:45 a.m. ET.

Yesterday, the Bureau of Labor Statistics released its latest data, which shows that the Consumer Price Index rose 0.4% in September, more than the 0.3% estimated by analysts.

Source Fool.com

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