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, the construction management software provider trading under the ticker PCOR, climbed 5.4% in afternoon trading after being swept up in a broad market rally triggered by signals that interest rate cuts may be coming. Major U.S. indexes rose strongly — the S&P 500 and the Nasdaq both moved higher by more than 1.3% — lifting many technology and growth names alongside Procore.
Comments from the Federal Reserve Chair that hinted at a future easing of monetary policy helped shift investor sentiment. The prospect of lower interest rates generally makes future corporate earnings more valuable when discounted to today, and it lowers borrowing costs for companies. For growth-oriented and software firms such as Procore, those dynamics often support higher stock prices because future revenue streams look more valuable and financing becomes cheaper.
The rally that lifted Procore was broad-based, suggesting the stock’s gain was part of a larger market move rather than stemming from a Procore-specific development. Other factors nudging sentiment higher included recently favorable inflation readings and a temporary easing of trade uncertainty after a 90-day delay to the imposition of higher tariffs on certain imported goods, which reduced near-term worry for many technology companies.
At the time referenced, Procore was trading near $68.13 per share, a price that is 22.9% below its 52-week high of $88.33 recorded in February 2025. On a year-to-date basis, the stock is down about 9.4%. Over the last year the company’s shares have shown elevated volatility, with 13 moves greater than 5%, making a single-day 5.4% gain notable but not unusual for the name.
The latest jump follows a prior move nine days earlier when Procore rose 3.4%. That prior lift came amid a rally in the software-as-a-service (SaaS) sector after a benign July Consumer Price Index reading — a year-over-year increase of 2.7% — which pushed the market’s implied probability of a September rate cut above 96% at the time. These events underscore how macroeconomic data and expectations about monetary policy drive short-term swings for growth-oriented stocks.
The day’s gain suggests investors cheered the shift toward a potentially more accommodative Fed stance, but it does not represent a fundamental change in the company’s long-term profile. With the stock still well below its 52-week peak and showing frequent double-digit intraday moves in the past year, Procore remains a volatile security. Hypothetical returns illustrate that volatility: a $1,000 purchase at the company’s IPO in May 2021 would be worth about $774.22 at the referenced price.
Select market and reference data were provided by ICE Data services and FactSet. © 2025 FactSet Research Systems Inc. © 2025 TradingView, Inc.
A: The rise was driven mainly by a broad market rally after comments from the Federal Reserve Chair signaled the possibility of future interest rate cuts, which lifted investor sentiment toward growth and technology stocks.
A: No. The gain was part of a broad market upswing that also pushed the S&P 500 and Nasdaq up by more than 1.3%. That suggests the move reflected overall market sentiment rather than company-specific news.
A: Procore has been relatively volatile — it recorded 13 moves greater than 5% over the past year and has shown frequent sizable swings.
A: Favorable inflation readings, increased probability of Fed rate cuts, and a temporary tariff delay have all contributed to positive sentiment for technology and growth stocks, including Procore.
A: Key items include Fed communications, inflation reports, sector momentum in SaaS/tech, company earnings and guidance, and any changes to trade or tariff policy.
| Feature | Detail |
|---|---|
| Company | Procore Technologies |
| Ticker | PCOR |
| Business | Construction management software provider |
| Intraday move | +5.4% (afternoon session) |
| Recent price | $68.13 per share (referenced) |
| 52-week high | $88.33 (Feb 2025) |
| YTD change | -9.4% |
| Volatility | 13 moves >5% in the past year |
| Market drivers | Fed rate-cut signals, benign CPI (2.7% YoY), SaaS rallies, 90-day tariff delay |
| Index response | S&P 500 and Nasdaq both climbed over 1.3% |
| Data sources | ICE Data services; FactSet |
| IP O example | $1,000 invested at IPO (May 2021) would be worth about $774.22 at the referenced price |
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