Stocks in the SaaS sector saw a boost in the market as favorable inflation data raised hopes for a Federal Reserve interest rate cut. The July Consumer Price Index report showed a 2.7% increase year-over-year, leading to a surge in the probability of a rate cut in September to over 96%. Lower interest rates are positive for growth-oriented tech stocks. Amplitude (AMPL) experienced volatility, with shares up 12.1% since the beginning of the year. The stock is still trading below its 52-week high. Investors can track stock movements with StockStory’s watchlist feature for timely updates.

Read more at Stockstory.org – Bloomberg: Workday, Workiva, Zoom, Tenable, and Amplitude Shares Are Soaring, What You Need To Know