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Why Shares of Affirm, Upstart, and Nu Holdings Are Falling Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Affirm, Upstart, and Nu Holdings Are Falling Today

Several fintech stocks continued to fall today as the Federal Reserve's preferred gauge of inflation confirmed that consumer prices and inflation stayed hot in May. Shares of the buy now, pay later company Affirm (NASDAQ: AFRM) are trading nearly 6.5% lower as of 10:34 a.m. ET today. Shares of the artificial intelligence lender Upstart (NASDAQ: UPST) are trading roughly 3.4% lower, and shares of the Brazilian digital bank Nu Holdings (NYSE: NU) are down nearly 4.7%.

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