Stock Market Today, Jan. 6: SoFi Technologies Falls After $1.5 Billion Equity Sale Pressures Shares

SoFi Technologies (NASDAQ:SOFI), a digital-first consumer finance platform, closed Tuesday’s session at $26.99, down 7.82%. SoFi IPO'd in 2021 and has grown 121% since going public. Trading volume reached 118.7 million shares, about 74% above its three-month average of 68.3 million. Tuesday’s action centered on SoFi’s $1.5 billion equity raise and increasing volatility as the stock nears its earnings date. How the markets moved today The S&P 500 rose 0.62% to 6,945, while the Nasdaq Composite gained 0.6 ...