Why Upstart Stock Jumped 53% in December

Shares of lending-technology company Upstart (UPST -10.28%) jumped 52.7% in December, according to data provided by S&P Global Market Intelligence. As much as the bulls might want to celebrate, the reality is that the company's recent stock performance appears more related to commentary from the Federal Reserve than factors within the business itself.In December, the Federal Reserve opted to hold interest rates steady. And commentary from members of the committee strongly suggests that rates could get lower ...