Inflation Drops, Stocks Surge: Upstart, JFrog, Snowflake, Toast, MongoDB Soar
Update: 2025-12-18
Description
Stocks surged this afternoon following lower-than-expected inflation data, fueling optimism for potential Federal Reserve interest rate cuts. The November Consumer Price Index rose by 2.7% year-over-year, below the predicted 3.1%, and core inflation also decreased. This easing of inflationary pressures has investors hopeful for lower borrowing costs, boosting stock prices, particularly for growth-oriented tech companies like Upstart, JFrog, Snowflake, Toast, and MongoDB.
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