U.S. stock market mid-session update: Upstart down 13.62%

U.S. Stock Market Midday Update Upstart fell 13.62%, with increased trading volume. Based on recent important news: On August 6, Upstart released its Q2 financial report. Although revenue and earnings per share exceeded expectations, the stock price fell in after-hours trading due to market doubts about its future profitability, leading to a 13.62% drop in stock price. On August 5, Upstart executives Natalia Mirgorodskaya and Scott Darling sold company common stock, raising market concerns about internal confidence, further pressuring the stock price. On August 4, analysts pointed out that Upstart's valuation is high, and the market's high expectations for its profitability increased downside risks, which could lead to significant stock price fluctuations if performance does not meet expectations. Stocks with High Trading Volume in the Industry SoFi Tech fell 1.39%, with increased trading volume. Based on recent important news: On August 5, the market observed that high-net-worth investors held an optimistic view of SoFi Technologies, driving stock price fluctuations. On August 5, analysts generally took a wait-and-see attitude towards SoFi Technologies, believing there are better investment options, affecting market confidence. On August 4, SoFi Technologies was not included in the list of five stocks recommended by top analysts, leading to a decline in investor sentiment. Dave fell 19.78%, with a trading volume of 167 million. Based on recent important news: On August 6, Dave reported a 78% year-over-year increase in non-GAAP gross profit, with a gross margin expanding to 70%, but failed to meet analyst expectations, leading to a stock price decline. On August 5, market analysts did not include Dave in their recommended buy list, despite its rating being a moderate buy, which dampened market confidence. On August 5, Dave is about to announce its Q2 2025 financial report, increasing uncertainty about its growth expectations, affecting stock price performance. American Express fell 0.43%, with increased trading volume. Based on recent important news: On August 5, American Express announced a strategic partnership with Toast to enhance hotel experiences, driving stock price fluctuations. On August 5, American Express's global business travel company's Q2 performance exceeded expectations, boosting market confidence. On August 6, analysts maintained a hold rating and did not include it in the recommended buy list, affecting investor sentiment. Stocks with High Market Capitalization in the Industry First Capital Financial fell 0.15%, with increased trading volume. Based on recent key news: On August 4, Zhiyuan Robotics announced the acquisition of Shangwei New Materials. Although Shangwei New Materials' stock price fluctuated significantly, its main business did not undergo major changes, increasing market risks and affecting investor confidence On August 5th, China Rare Earth Company responded to investors' doubts about market value management, emphasizing that it will strengthen information disclosure and investor relations management, as market confidence in corporate governance has been affected. On August 6th, CBRE forecasted that the transaction volume of residential properties in Hong Kong will stabilize and grow. Although the transaction volume has slightly declined, there are clear signs of market recovery, affecting the performance of real estate-related stocks