SoFi's stock surge continues as debt-ceiling deal brings 'highly positive development'

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SoFi's stock surge continues as debt-ceiling deal brings 'highly positive development'
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SoFi shares were extending their rally amid Wall Street optimism about the company's ability to benefit from an end to the student-loan payment moratorium.

Shares of SoFi Technologies Inc. were extending their sharp rally Wednesday amid Wall Street optimism about the company’s ability to benefit from the impending end of the student-loan payment moratorium.

The company’s shares SOFI were up 15.0% in Wednesday’s session and on track to log their largest single-day percentage gain since Aug. 3, 2022, when they advanced 28.4%. Wednesday’s action followed an 11.5% rise in Tuesday trading. ‘Enough — it’s hurting our business’: SoFi’s campaign to stop the student-loan payment pause that helps its own customers

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