Advertisement
UK markets close in 2 hours 48 minutes

  • FTSE 100

    8,099.69
    +59.31 (+0.74%)
     

  • FTSE 250

    19,738.28
    +18.91 (+0.10%)
     

  • AIM

    755.74
    +1.05 (+0.14%)
     

  • GBP/EUR

    1.1662
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2479
    +0.0017 (+0.13%)
     

  • Bitcoin GBP

    51,223.91
    -2,177.01 (-4.08%)
     

  • CMC Crypto 200

    1,361.17
    -21.40 (-1.55%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    83.24
    +0.43 (+0.52%)
     

  • GOLD FUTURES

    2,336.70
    -1.70 (-0.07%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    18,000.86
    -87.84 (-0.49%)
     

  • CAC 40

    8,026.97
    -64.89 (-0.80%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Why Upstart, SoFi, and Affirm Plummeted Today

Billy Duberstein, The Motley Fool
·4-min read
Why Upstart, SoFi, and Affirm Plummeted Today

Shares of fintech stocks Upstart (NASDAQ: UPST), SoFi Technologies (NASDAQ: SOFI), and Affirm Holdings (NASDAQ: AFRM) were plummeting today, down 8.5%, 5.1%, and 11.9%, respectively, as of 12:53 p.m. ET. There wasn't much company-specific news today, but as always, these fintech names are extremely sensitive to the market's outlook for interest rates and the potential for a recession next year. On those fronts, today's better-than-expected retail sales data could actually be interpreted as a negative, as that data point seemed to contradict recent softer inflation reports.

Continue reading