SoFi Technologies Inc. (SOFI) shares are experiencing a surge on Friday, fueled by strong September unemployment figures, robust Nonfarm Payrolls data, and the tentative resolution of the dockworkers’ strike. The positive economic indicators and easing of supply chain concerns are boosting market sentiment and creating a favorable environment for financial services companies like SoFi.
Wall Street saw early gains trimmed on Wednesday after a downward revision to nonfarm payrolls data. The revised figures suggest the labor market may not be as strong as initially believed, impacting investor sentiment. Despite this, major US indices remained slightly above the flatline, with focus shifting towards the Federal Reserve’s upcoming monetary policy insights.
