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 (PCOR) climbed 5.4% in the afternoon session after the stock was swept up in a broad market rally that followed comments from the Federal Reserve Chair suggesting interest rate cuts may be coming. Major U.S. indexes moved higher, with both the S&P 500 and the Nasdaq rising by more than 1.3%, helping boost sentiment for growth and technology names.
The immediate driver was a shift in market expectations around monetary policy. Notes of a possible shift toward a more accommodative stance on rates encouraged investors, particularly for companies whose values rely on future earnings. Lower rates can raise the present value of those future earnings and reduce borrowing costs, which tends to favor software and growth-oriented firms such as Procore.
Procore, a provider of construction management software, saw its share price at about $68.13 during the session referenced. The stock is down 9.4% year-to-date and trades roughly 22.9% below its 52-week high of $88.33, which occurred in February 2025. The company’s shares have shown notable volatility: there were 13 moves greater than 5% in the last year, and the latest 5.4% jump sits within that pattern rather than signaling a clear, fundamental shift in the business outlook.
The market’s reaction this time reflected broad forces rather than company-specific news. Nine days earlier, Procore’s stock had gained 3.4% amid a wider rally in the software-as-a-service (SaaS) sector. That earlier move was tied to favorable inflation data — a July Consumer Price Index showing a 2.7% year-over-year increase — which pushed the market’s estimate of a September rate cut probability to over 96%.
Additional tailwinds for the technology sector included a temporary easing of trade uncertainty: a reported 90-day delay in the imposition of higher tariffs on certain imports from China. That delay reduced immediate trade-related risk for many technology companies and likely helped the broad rally that lifted Procore.
The size and nature of the move suggest the market viewed the Fed comments as meaningful for financial conditions, but not a company-level change in Procore’s fundamentals. For investors, the rally highlights how sensitive growth stocks can be to shifts in rate expectations and macro data. Lower rates can help by making borrowing cheaper and by increasing the present value of projected future earnings, but those benefits are balanced against company performance, competitive trends in construction tech, and wider market conditions.
A hypothetical $1,000 investment in Procore at its IPO in May 2021 would be worth roughly $774.22 at the referenced price, illustrating the stock’s mixed performance since listing. Select market and reference data used in this summary were provided by ICE Data Services and FactSet. Copyright attributions in the source material include © 2025 FactSet Research Systems Inc. and © 2025 TradingView, Inc.
Procore’s 5.4% gain came as part of a broad market uplift driven by a potential pivot toward easier monetary policy and supportive economic signals. The move underscores how much macro developments influence growth-oriented software stocks. This account is informational and not investment advice; investors should weigh company fundamentals, sector dynamics, and their own risk tolerance before making decisions.
Shares rose after market participants reacted to signals that interest rates may be cut in the future, sparking a broad rally that lifted technology and growth stocks.
The S&P 500 and the Nasdaq each climbed by more than 1.3% in the session referenced, helping lift Procore along with many other names.
Not necessarily. The rise was part of a broad market move tied to macro expectations rather than a specific operational update from Procore. The company’s underlying fundamentals should be evaluated separately.
Comments from the Federal Reserve Chair suggesting potential rate cuts and recent inflation data showing a 2.7% year-over-year CPI contributed to rising expectations of easier policy.
Procore has shown notable volatility, with 13 moves greater than 5% over the last year. The recent 5.4% jump is consistent with that pattern.
| Item | Detail |
|---|---|
| Company | Procore Technologies (Ticker: PCOR) |
| Business | Construction management software provider |
| Session move | +5.4% (afternoon session) |
| Index impact | S&P 500 and Nasdaq each up > 1.3% |
| Current price (referenced) | $68.13 per share |
| YTD change | -9.4% |
| 52-week high | $88.33 (February 2025) — current is about 22.9% below |
| Volatility | 13 moves > 5% in the past year |
| Recent notable data | July CPI 2.7% y/y; market estimated > 96% chance of a September rate cut after that report |
| Other supportive factor | 90-day tariff delay reduced trade uncertainty for tech |
| Data sources | Selected market and reference data from ICE Data Services and FactSet |
| Copyright notes | © 2025 FactSet Research Systems Inc.; © 2025 TradingView, Inc. |
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