U.S. stock market midday update: SoFi Tech up 3.13%

U.S. Stock Market Midday Update

SoFi Tech rose 3.13%, with increased trading volume. Based on recent key news:

1. On August 20, SoFi Technologies announced a partnership with Lightspark to enter the $740 billion global remittance market using the Bitcoin network, driving up the stock price.

2. On August 20, SoFi Technologies became the first U.S. bank to use the Bitcoin Lightning Network, further boosting market confidence.

3. On August 20, Needham analysts maintained a buy rating on SoFi Technologies with a target price of $25, enhancing investor confidence.

Stocks with High Trading Volume in the Industry

Capital One Financial fell 1.12%, with increased trading volume. Based on recent important news:

1. On August 19, Timothy P Golden, SVP and Chief Accounting Officer of Capital One Financial, sold 207 shares of common stock for $44,589. This insider trading may raise market concerns about the company's future performance, leading to a 1.12% drop in stock price.

2. On August 20, MarketBeat analysts did not include Capital One Financial in their top five recommended stocks for purchase, despite its rating being moderate buy. This may affect investor confidence, leading to stock price fluctuations.

3. On August 21, the positive performance of the Hong Kong residential property market may have an indirect impact on the financial market, although it is not directly related to Capital One Financial, changes in market sentiment may influence investor behavior.

American Express fell 0.49%, with increased trading volume. Based on recent key news:

1. On August 20, MarketBeat reported that American Express was not included in the list of top stocks recommended by analysts, leading to a decline in investor confidence and a drop in stock price.

2. On August 21, Joe Terranova of Virtus Investment Partners chose TJX Companies as his final trade, with TJX Companies outperforming expectations, attracting some funds away from American Express.

3. On August 21, Amex launched a new referral program, increasing the annual limits for Amex Gold and Blue Cash Preferred cards, but failed to significantly boost the stock price.

Upstart fell 0.53%, with increased trading volume. Based on recent important news:

1. On August 20, Upstart CEO Dave Girouard sold common stock in the company, raising market concerns about internal confidence, leading to a drop in stock price

2. On August 21, Upstart's second-quarter earnings report showed a decrease in the proportion of "super prime" borrowers, raising market concerns about its loosening lending standards, putting pressure on its stock price.

3. On August 20, JP Morgan upgraded Upstart's rating to "overweight," but lowered the target price to $88, reflecting the market's cautious attitude towards its future growth.

Stocks ranked among the top in industry market capitalization

Synchrony Financial fell 0.47%. According to recent important news:

1. On July 25, Synchrony Financial submitted an application for the issuance of senior notes of up to $1 billion, raising concerns in the market about its debt management strategy, leading to a 0.47% drop in stock price.

2. On July 22, Synchrony Financial reported second-quarter results that exceeded expectations; however, the market's conservative guidance on its future growth affected investor confidence.

3. On July 22, analysts rated Synchrony Financial as "buy," but concerns about its future profitability remained, leading to stock price fluctuations