Traders readied for an action-packed week with corporate earnings reports and economic news.
Check out the companies making headlines in midday trading: Tesla — The Elon Musk-led company saw shares soar 16% after the electric car make r passed a significant milestone to roll out its full self-driving technology in China . SoFi Technologies — The consumer fintech company's stock price plunged about 10% on disappointing second-quarter earnings guidance.
SoFi forecast adjusted revenue between $555 million and $565 million and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in revenue and net income of $13.9 million. SoFi's earnings for the first quarter topped analysts' estimates, however. Roku — The TV streaming distributor popped more than 3% following an upgrade to buy from neutral at Seaport Research Partners.
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