Dow Jones futures sold off Thursday, extending losses from Wednesday's stock market plunge. Cisco Systems plunged 12% on earnings. Read More...
Motley Fool
Here’s Why Upstart Soared on Wednesday While Most Stocks Fell
In contrast to the overall market, lending technology company Upstart Holdings (NASDAQ: UPST) was a major outperformer, with shares rising by about 6%. Upstart recently plunged by more than 50% after its first-quarter earnings, and the biggest reason was that the dollar amount of loans carried on Upstart’s balance sheet more than doubled. Recently, Upstart’s management has made it clear that it understands investors’ concerns and is going to immediately take steps to address them.
