Singapore markets close in 57 minutes
  • Straits Times Index

    3,390.55
    +13.36 (+0.40%)
     
  • Nikkei

    27,382.56
    +19.81 (+0.07%)
     
  • Hang Seng

    22,657.19
    +90.41 (+0.40%)
     
  • FTSE 100

    7,761.11
    0.00 (0.00%)
     
  • BTC-USD

    23,075.62
    +80.95 (+0.35%)
     
  • CMC Crypto 200

    522.66
    -4.52 (-0.86%)
     
  • S&P 500

    4,060.43
    +44.21 (+1.10%)
     
  • Dow

    33,949.41
    +205.57 (+0.61%)
     
  • Nasdaq

    11,512.41
    +199.06 (+1.76%)
     
  • Gold

    1,923.90
    -6.10 (-0.32%)
     
  • Crude Oil

    81.38
    +0.37 (+0.46%)
     
  • 10-Yr Bond

    3.4930
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,493.94
    -4.45 (-0.30%)
     
  • Jakarta Composite Index

    6,893.52
    +28.70 (+0.42%)
     
  • PSE Index

    7,052.16
    +9.46 (+0.13%)
     

Why Shares of Upstart, SoFi, and Affirm Are Rising Today

Why Shares of Upstart, SoFi, and Affirm Are Rising Today

Several fintech stocks reversed course and moved higher this afternoon after Federal Reserve Chair Jerome Powell, during a highly anticipated press conference, said that the Fed is preparing to slow the pace of its interest rate hikes. Shares of the artificial intelligence-assisted lending platform Upstart Holdings (NASDAQ: UPST) traded nearly 3% higher in the final hour of trading today. Meanwhile, shares of the digital bank SoFi Technologies (NASDAQ: SOFI) traded nearly 4% higher, and shares of the buy now, pay later company Affirm Holdings (NASDAQ: AFRM) were up close to 6%.