🔴 SoFi Technologies is trading 5% down today amid hotter-than-expected September CPI

SoFi Technologies is trading at $14.48, down 4.95%, as hotter-than-expected September CPI renews concerns about Federal Reserve rate cuts.

• The S&P 500 is down 0.58% and the Nasdaq Composite is down 0.74%; broader market pressure is a more plausible context than a new company-specific catalyst.
• Crypto is also lower: BTC is down 0.57% and ETH is down 1.79% since the prior close. These moves are modest and too small to closely match the stock’s drop.