11/25

Unity Software Rises 3.19% Amid Market Rally on Fiscal Policy Optimism

Unity Software Inc. (U) shares are up 3.19% to $24.28 as of 10:25 am on Monday, compared to its previous close of $23.53 on November 22nd. The stock's rise is part of a broader market rally, with the S&P 500 and Nasdaq composite both up 1% as of 9:40 am Eastern time. This market-wide increase is attributed to positive sentiment following President-elect Donald Trump's announcement of Scott Bessent as his choice for Treasury Secretary. Bessent's stance on reducing the U.S. government’s deficit has eased concerns about potential fiscal policies that could lead to higher deficits and Treasury yields. The 10-year Treasury yield fell to 4.30% from 4.41% late Friday, making borrowing cheaper and boosting stock prices.