SoFi Stock Is Soaring on Wednesday -- Here's Why

The stock market was having a generally strong day on Wednesday, with all three major indexes in positive territory, but fintech company SoFi Technologies (NASDAQ: SOFI) was a big outperformer. As of 10 a.m. ET, SoFi had spiked higher by more than 12% after rising as much as 19% earlier in the day.

Today's upward momentum has nothing to do with SoFi's earnings. We won't see those for another couple of weeks.

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Source Fool.com