SoFi Technologies is trading 10.1% up at $17.95 as investors rotate back into growth and fintech stocks following the company's July 29 earnings beat and raised full-year revenue guidance.
- The stock is seeing a sharp rebound from its prior post-earnings pullback, supported by a risk-on environment as major indices rally over 1%.
- Broader market sentiment is being driven by Middle East de-escalation, lower oil prices, and strong manufacturing data released on August 3, 2026.