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Benzinga
Benzinga
Business
Henry Khederian

MYSTERIOUS: Why sofi technologies stock is under pressure today | Mind Blowing Facts

SOFI SoFi Technologies Interest Rates
San,Francisco,,Ca,,Usa,-,May,1,,2022:,Sofi,Logo

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower on Tuesday afternoon amid overall market weakness. The decline is mainly affecting growth stocks, which are under pressure from a surge in Treasury yields and investor concerns that high interest rates will hurt future earnings.

SOFI shares are experiencing downward pressure. See how it is currently doing here.

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