|Bid||12.84 x 800|
|Ask||12.83 x 900|
|Day's range||12.71 - 13.02|
|52-week range||11.94 - 132.16|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The ongoing crypto bust stoked current fears over contagion in the crypto space, while Fed officials kept a potential recession on the table.
All the major indexes were down on Thursday morning, with the S&P 500 down about 1% as of 11:30 a.m. EDT. For Affirm, a buy now, pay later company, it was more fallout from yesterday's subpar earnings report from one of its key partners, Target.
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.