2 Fintech Stocks Pulling Back After Brief Rally

Fintech’s relief rally is already losing steam. Shares of Affirm, PayPal, and other consumer-facing fintech firms turned lower Thursday, giving back gains from Wednesday’s sharp bounce. That surge followed President Donald Trump’s announcement of a 90-day pause on sweeping tariff hikes, which briefly eased concerns over rising costs and broader macro pressures.While duties on Chinese goods were simultaneously raised to 145%, markets viewed the broader delay as a potential softening in Washington’s more disr ...