U.S. Stock Market Midday Update

DeFi Development fell 7.25%. Based on recent important news:

1. On July 17, DeFi Development Corporation announced the launch of the "DFDV Financial Accelerator," collaborating with Kraken and others to promote new regional investment tools, which failed to boost the stock price, leading to a 7.25% decline.

2. On July 16, Loopring announced it would close all DeFi products on July 31, undermining market confidence in the DeFi sector.

3. On July 15, Welltend Technology completed its stock repurchase plan, which had no direct impact on DeFi Development.

Stocks with High Trading Volume in the Industry

SoFi Tech rose 2.73%, with increased trading volume. Based on recent important news:

1. On July 17, SoFi Technologies closed up 2.05% in the latest trading session, indicating positive market sentiment.

2. On July 17, Chamath Palihapitiya's former SPACs, including SoFi, performed well, with year-to-date returns exceeding Nvidia.

3. On July 17, analysts predicted SoFi's revenue could reach $5 billion by 2027, driving potential stock price increases.

American Express rose 0.71%, with increased trading volume. Based on recent important news:

1. On July 16, American Express increased the value of its Business Platinum Card membership to over $2,000, enhancing customer appeal and boosting the stock price.

2. On July 15, analysts gave American Express an "Outperform" rating with a target price of $319.83, increasing market confidence.

3. On July 15, data on American Express's small business loan delinquency and net write-off rates were released, showing stable financial health.

Upstart rose 0.49%, with increased trading volume. Based on recent important news:

1. On July 17, Upstart partnered with Cabrillo Credit Union to expand its personal loan business, leading to a 3.1% increase in stock price.

2. On July 16, Upstart issued a press release, drawing market attention.

3. On July 16, expectations of declining mortgage rates drove potential stock price increases.

Stocks with High Market Capitalization in the Industry

First Capital Financial rose 0.52%, with increased trading volume. Based on recent important news:

1. On July 15, the Consumer Financial Protection Bureau dropped its lawsuit against Zelle, alleviating market concerns about regulatory scrutiny on fintech companies, which boosted First Capital Financial's stock price.

2. On July 16, the Hong Kong primary residential market recorded a historic trading volume, indicating an active real estate market, indirectly boosting financial stocks On July 17th, Binance launched a new project Hyperion, attracting significant attention from investors, increasing activity in the cryptocurrency market, and driving up related financial stocks