These 2 Nasdaq Fintechs Have Investors Excited on Thursday
The stock market got some relief on Thursday morning, and that helped the Nasdaq Composite (NASDAQINDEX: ^IXIC) recover some of the ground that it has lost in recent days. As of 12:30 p.m. EDT today, the Nasdaq was up more than 1.5%, with many hoping that the rebound could be the beginning of a new push toward all-time highs for the index.
Technology stocks in areas like cloud computing and e-commerce have gotten a huge amount of attention, especially those that trade on the Nasdaq. However, many investors have neglected the rise of the fintech industry, as companies like Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) take innovation and try to disrupt a staid and old-fashioned financial industry. Below, we'll look at what's helping push Upstart and Affirm higher today and what it means for fintech in general.
Shares of Upstart Holdings were up more than 5% on Thursday morning. The credit-information provider has seen several encouraging things happen in recent days that have raised awareness of its stock.
Source Fool.com
