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 (ticker: PCOR), a provider of construction management software, rose 5.4% in the afternoon session after being swept up in a broad market rally. The move came as markets reacted to comments from the Federal Reserve Chair that signaled a shift toward a more accommodative monetary policy, which investors widely interpreted as increasing the chance of interest rate cuts.
The Fed signal helped push the S&P 500 and the Nasdaq each higher by more than 1.3%, producing a broad-based rally that lifted many technology and growth-oriented stocks, including Procore. The session’s strength suggests Procore’s gain was mainly part of a larger market move rather than the result of company-specific news.
The prospect of lower interest rates typically boosts investor sentiment for growth companies. Lower rates can make expected future earnings more valuable when those earnings are discounted back to today’s terms. They can also reduce borrowing costs for businesses, which may encourage investment and broader economic expansion. For software-as-a-service and other high-growth firms, those changes can be especially meaningful to market pricing.
Procore’s shares are known to be somewhat volatile. Over the last year the stock had 13 moves greater than 5%, so a single-day jump of 5.4% is notable but not extraordinary. That pattern suggests investors see the Fed news as important to sentiment but not necessarily as a fundamental re-rating of the business. Nine days earlier, Procore recorded a 3.4% gain when the broader SaaS sector rallied after a benign July Consumer Price Index report.
The July CPI report showed a year-over-year increase of 2.7%, which helped raise the market’s expectation of a September rate cut to over 96% at one point. In addition, a 90-day delay in higher tariffs on Chinese goods reduced trade-related uncertainty for many technology companies, further easing investor concerns and adding to the positive tone for the sector.
At the referenced time, Procore was trading at $68.13 per share, down 9.4% since the start of the year and 22.9% below its 52-week high of $88.33 reached in February 2025. For long-term perspective, a hypothetical $1,000 investment at the company’s IPO in May 2021 would be worth about $774.22 today, reflecting the stock’s volatility and overall performance since listing.
The market reaction shows how sensitive growth and tech-linked stocks are to shifts in monetary policy expectations. The latest gain for Procore appears to be driven largely by sentiment tied to potential rate cuts and easing trade concerns rather than fresh company developments. Investors wondering whether now is the right time to buy should weigh Procore’s historical volatility, its position below the 52-week high, and broader macro signals. Detailed analysis and personal investment goals should guide any decision.
Select market data in this report was provided by ICE Data Services. Select reference data was provided by FactSet. Copyright attributions: © 2025 FactSet Research Systems Inc.; © 2025 TradingView, Inc.
A: The stock rose as part of a broader market rally after comments from the Federal Reserve Chair pointed toward possible interest rate cuts, which lifted investor sentiment for growth and technology stocks.
A: No. The move appears to be largely market-driven rather than due to company-specific announcements. The rally was broad-based across major U.S. indexes.
A: Lower rates can reduce borrowing costs, make future earnings more valuable when discounted to present value, and encourage business investment—factors that tend to boost valuations for growth companies.
A: Procore has shown meaningful swings. Over the past year it recorded 13 moves greater than 5%, so daily jumps of this size are not uncommon for the stock.
A: A benign July CPI print showing 2.7% year-over-year inflation and a 90-day delay in higher tariffs on Chinese goods helped reduce uncertainty and lift sentiment for technology names.
| Item | Detail |
|---|---|
| Company | Procore Technologies |
| Ticker | PCOR |
| Afternoon move | +5.4% |
| S&P 500 / Nasdaq | Both rose >1.3% |
| Recent price | $68.13 per share |
| Year-to-date change | -9.4% |
| 52-week high | $88.33 (Feb 2025) |
| Volatility notes | 13 moves >5% in last year |
| Relevant economic data | July CPI YoY: 2.7%; probability of Sep rate cut surged >96% |
| Other sentiment drivers | 90-day tariff delay on Chinese goods |
| Data providers | ICE Data Services; FactSet |
| Copyrights | © 2025 FactSet Research Systems Inc.; © 2025 TradingView, Inc. |
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