🔴 SoFi Technologies is trading 5% down today as U.S. markets retreat

SoFi Technologies is trading 4.92% lower at $16.58 as U.S. markets come under pressure.

• The S&P 500 is down 1.40%, while the Nasdaq Composite has fallen 2.60%.
• Reuters reports AI and data-center shares are weakening amid concerns about potential tighter oversight after the midterm results, adding to the risk-off backdrop.
• Bitcoin and Ethereum are down 1.70% and 2.11%, respectively, since the prior close; no clear new company-specific catalyst was found.