Here's How Fastly Stock Soared in March

Shares of content delivery network (CDN) operator Fastly (NYSE: FSLY) rose by an electrifying 27.9% in March, according to data from S&P Global Market Intelligence. On March 3, the Federal Reserve delivered an optimistic report on monetary policy, suggesting that the soaring inflation rate is coming back down, so federal interest rates should stop rising later this year. With a fairly bullish economic report on the table, Fastly's stock surged 10.5% higher on March 3.