Affirm Holdings is trading at $69.08 (-4.52%) after stronger-than-expected August employment data increased expectations for a September Federal Reserve rate hike.
- Reuters reported 162,000 jobs were added, while major indexes also declined as Treasury yields rose.
- No verified September 4 company-specific earnings release, acquisition, guidance change, or other major announcement was found.
- The move is therefore best attributed to broader macro and rate-sensitive market pressure.