BILL, Marqeta, and Upland Software Shares Surge After Soft PPI Data

Macro
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of BILL, Marqeta, and Upland Software surged in afternoon trading after a softer-than-expected Producer Price Index report eased inflation fears and lifted growth stocks. June wholesale inflation fell 0.3% versus expectations for a flat reading, following a sharp 0.4% decline in consumer prices the prior session, which reduced Treasury yields and provided a valuation boost to companies reliant on future cash flows. BILL jumped 7.4%, Marqeta gained 6.4%, and Upland Software rose 9.5%, with Upland Software reaching a new 52-week high of $5.57 per share and extending its year-to-date gain to 271%. The rally countered concerns sparked a day earlier by IBM's warning that clients are reprioritizing capital expenditures toward AI servers and high-bandwidth memory, squeezing software budgets.

Impact on stocks 4

Cloud & Digital Infrastructure · 1 stocks
Bill Com Holdings Inc
BILL
▲ PositiveMonetaryrelevance

Soft PPI data eased inflation fears, reducing Treasury yields and boosting growth stocks like BILL.

Digital Finance & Tokenization · 1 stocks
Marqeta Inc
MQ
▲ PositiveMonetaryrelevance

Soft PPI data eased inflation fears, reducing Treasury yields and boosting growth stocks like Marqeta.

Artificial Intelligence · 1 stocks
Upland Software Inc
UPLD
▲ PositiveMonetaryrelevance

Soft PPI data eased inflation fears, reducing Treasury yields and boosting growth stocks like Upland Software.

Quantum Computing · 1 stocks