Advertisement
Canada markets open in 7 hours 57 minutes
  • S&P/TSX

    22,375.83
    +116.63 (+0.52%)
     
  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     
  • DOW

    39,387.76
    +331.36 (+0.85%)
     
  • CAD/USD

    0.7308
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    79.85
    +0.59 (+0.74%)
     
  • Bitcoin CAD

    85,849.84
    +1,728.90 (+2.06%)
     
  • CMC Crypto 200

    1,349.80
    +49.70 (+3.82%)
     
  • GOLD FUTURES

    2,362.50
    +22.20 (+0.95%)
     
  • RUSSELL 2000

    2,073.63
    +18.49 (+0.90%)
     
  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     
  • NASDAQ futures

    18,229.50
    +15.00 (+0.08%)
     
  • VOLATILITY

    12.69
    -0.31 (-2.38%)
     
  • FTSE

    8,381.35
    +27.30 (+0.33%)
     
  • NIKKEI 225

    38,174.71
    +100.73 (+0.26%)
     
  • CAD/EUR

    0.6779
    +0.0001 (+0.01%)
     

Why Upstart Holdings Stock Is Up Today

Why Upstart Holdings Stock Is Up Today

Upstart Holdings (NASDAQ: UPST) has inked a deal to sell up to $4 billion in consumer installment loans to investment firm Castlelake LP. Investors are pleased to see there are buyers for Upstart's loans, sending shares of the fintech company up more than 20% on Monday afternoon. Upstart is attempting to upend the traditional credit scoring system, deploying artificial intelligence to evaluate potential borrowers.