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Fintech 21 May 2026 - 11 June 2026

SoFi stock falls as U.S. inflation brings back rate-hike talk for high-growth fintechs

SoFi stock falls as U.S. inflation brings back rate-hike talk for high-growth fintechs

SoFi Technologies dropped more than the overall market on Wednesday, finishing at $15.87, a loss of 60 cents. Investors rotated out of higher-volatility growth stocks after another hot inflation report kept the odds of more rate hikes on the table. Tuesday’s close hadn’t been hit by earnings news. It was the outlook on rates that shifted: Reuters said markets were now pricing in at least a 25-basis-point hike before year-end. A basis point equals one-hundredth of a percentage point.
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