Procore shares rose 5.4% amid a broader market rally after Fed rate-cut signals.
United States, August 23, 2025
Procore Technologies (PCOR) climbed 5.4% in afternoon trading amid a broad market rally driven by signals that interest rate cuts may be coming. The S&P 500 and Nasdaq each rose more than 1.3%, lifting many technology and growth names alongside Procore. The move reflected macro sentiment rather than company-specific news, aided by benign inflation data and a temporary tariff delay. Procore was trading near $68.13, about 22.9% below its 52-week high of $88.33 and roughly 9.4% down year-to-date. The stock has shown significant volatility, with multiple moves greater than 5% over the past year.
Procore Technologies saw its shares climb 5.4% in the afternoon session as broad markets rallied on comments from the Federal Reserve chair that suggested interest rate cuts may be coming. The surge in Procore stock was part of a wider uptick that pushed major U.S. indexes higher, with both the S&P 500 and the Nasdaq rising by more than 1.3%.
Investors reacted positively to remarks indicating a potential shift toward a more accommodative monetary policy. That prompted a broad-based rally across sectors, and growth-oriented technology names like Procore — a provider of construction management software — tended to benefit more than others. Lower expected interest rates typically improve investor sentiment for tech firms because they can raise the present value of future earnings and lower borrowing costs, which can in turn support corporate investment and economic activity.
The move in Procore was not isolated. The day’s strength was widespread across major U.S. indexes, suggesting the stock’s gain was part of a larger market trend rather than a company-specific development. Contributing factors to the positive tone included a recent inflation report that calmed rate-cut expectations and a short delay in tariff changes that eased trade uncertainty for technology firms.
Procore has shown notable volatility over the last year, recording 13 moves greater than 5%. In that context, the 5.4% rise signals that the market saw the Fed-related news as meaningful but not a permanent revaluation of the company’s fundamentals. Nine days earlier, Procore had a smaller rally of 3.4% tied to a SaaS sector bounce after a benign inflation reading. That July Consumer Price Index report showed a year-over-year increase of 2.7%, and immediately after its release the probability of a September rate cut rose sharply to over 96%.
For companies that rely on long-term revenue growth expectations, such as software-as-a-service providers, lower rates do two main things: they reduce the discount rate used to value future profits, and they lower the cost of borrowing for customers and for the companies themselves. Both effects can support higher valuations and increased spending on digital tools, including construction management platforms.
A separate development that aided market sentiment was a 90-day delay in the imposition of higher tariffs on some Chinese goods, which reduced near-term trade-related uncertainty for technology companies. Together with the inflation dynamics and central bank commentary, these items helped push the broader market higher.
At the time referenced, Procore was trading around $68.13 per share, down 9.4% since the start of the year and about 22.9% below its 52-week high of $88.33 set in February 2025. A hypothetical $1,000 investment at the company’s May 2021 IPO would be worth approximately $774.22 today, illustrating the choppy performance since listing.
The stock’s reaction illustrates how macro updates — comments from central bankers, inflation readings, tariff developments — can quickly move valuation-sensitive, growth-oriented stocks. The 5.4% jump shows investors are responsive to the prospect of easier policy, but Procore’s track record of volatility means single-day moves should be viewed in the context of a wider trend and company fundamentals.
Select market data were provided by ICE Data Services and select reference data were provided by FactSet. Copyright information: © 2025 FactSet Research Systems Inc. and © 2025 TradingView, Inc..
Shares rose after market-wide gains triggered by comments from the Federal Reserve chair indicating possible future interest rate cuts, which tend to help growth-oriented technology firms.
Both the S&P 500 and the Nasdaq climbed by more than 1.3% during the same session.
A single-day gain tied to macro news reflects sentiment more than company fundamentals. Investors should consider Procore’s volatility, recent performance, and long-term business prospects before making investment decisions.
A benign inflation report, higher probability of a near-term rate cut, and a 90-day tariff delay that reduced trade uncertainty all supported investor confidence.
| Feature | Detail |
|---|---|
| Company | Procore Technologies (PCOR) |
| Price move | +5.4% (afternoon session) |
| Market drivers | Comments hinting at potential interest rate cuts, favorable inflation data, tariff delay |
| Index performance | S&P 500 and Nasdaq both up > 1.3% |
| Volatility | 13 moves >5% over the last year |
| Recent price | $68.13 per share (referenced) |
| 52-week high | $88.33 (Feb 2025) |
| Year-to-date change | -9.4% |
| IPO hypothetical return | $1,000 at IPO → $774.22 (referenced) |
| Data sources | ICE Data Services, FactSet |
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