From Yahoo Finance: 2025-03-28 05:10:00

Wall Street shares traded lower on Thursday due to President Trump’s new tariffs on US imports. The Nasdaq fell 0.53%, Dow Jones 0.37%, and S&P 500 0.33%. Car manufacturers were hit hardest by Trump’s 25% tariff on imported vehicles, leading to a market decline with 10 companies reflecting the drop.

SoFi Technologies Inc. (SOFI) saw its share prices drop for a third consecutive day as investors fled riskier stocks amidst reduced consumer spending. With ongoing economic uncertainties like the trade war, SOFI may face lower demand for its financial products and services.

US consumer spending hit a new low, impacted by Trump’s trade war and Federal Reserve’s uncertainty about the economy’s future. SOFI ranks 10th among firms mirroring Wall Street’s slump. While SOFI has potential, other AI stocks may offer higher returns. Consider investing in promising AI stocks for better returns.



Read more at Yahoo Finance: Why SoFi Technologies Inc. (SOFI) Went Down On Thursday?