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Why Upstart Stock Gained 11% in November

Why Upstart Stock Gained 11% in November

Upstart Holdings (NASDAQ: UPST) stock moved 11% higher in November, according to data from S&P Global Market Intelligence. Its business is highly affected by interest rate trends, and the Federal Reserve paused rate increases and signaled that it felt the current policy was working in curtailing inflation without bringing about a recession. Upstart has been having a rough time since inflation started to balloon and the Fed began to raise rates.