The stock market celebrated huge gains on Thursday, with investors reacting positively to news that the pace of consumer price increases, as measured by the Consumer Price Index, over the past 12 months slowed from where it had been the previous month.
It would be natural for the market to take a pause after such a huge move, but Wall Street seemed to be in a mood to keep the good times rolling, as futures contracts on popular stock indexes moved higher by another half a percent or so Friday morning.
The bear market during 2022 has hit a lot of companies hard, but IPO stocks have been among the worst performers. Yet many of those stocks did well on Thursday and look poised to keep advancing. In particular, shares of Doximity (NYSE: DOCS) and Toast (NYSE: TOST) jumped on Friday morning following positive news on the financial front. With investors reassured about the fundamental prospects for their respective businesses, both Doximity and Toast could be getting back their positive momentum, giving shareholders the chance to earn back some of their recent losses.
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These 2 IPO Stocks Just Got Their Momentum Back