NasdaqGS:NCNOSoftware
Did Powell's Rate Cut Signal and Tariff Delay Just Shift nCino's (NCNO) Investment Narrative?
Shares of banking software provider nCino rose after Federal Reserve Chair Jerome Powell indicated that interest rate cuts could be on the horizon, sparking a rally in technology stocks and reducing market uncertainty due to a 90-day delay in higher tariffs on Chinese goods.
The combination of potential policy easing and decreased trade-related risk boosted confidence in technology-driven companies serving the financial sector.
We'll take a closer look at how the prospect of lower interest...