Upstart Is Soaring After Stellar Earnings -- Here's What You Need to Know

The stock market was having a sharply negative day on Wednesday, mainly due to a hotter-than-expected inflation report. But lending technology company Upstart (UPST 31.23%) was a big exception. As of 9:50 a.m. ET, Upstart was higher by more than 30% for the day.Strong results and guidanceAs you might expect, Upstart's earnings report is the main catalyst behind the move. The company handily beat expectations on both the top and bottom lines, as revenue surged by 56% year over year and the company was nicely ...