FINX is trading 3.25% down now at $25.73 as higher Treasury yields, surging oil prices, and expectations for a Federal Reserve rate hike weigh on risk-sensitive financial-technology stocks.
- The broader market is also under pressure, with the S&P 500 down 0.51% and Nasdaq Composite down 0.82%.
- The 10-year Treasury yield briefly exceeded 5%, while Brent crude rose above $107, reinforcing inflation and valuation concerns.