Volatile FinTech Stocks Highlight Promise, Perils of Financial Services' Digital Makeover
Affirm(AFRM) PYMNTS.com·2024-11-09 02:18
On Wall Street, what goes up must go down, and vice versa.A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5). So-called “Trump trades,” assets tied to President-elect Donald Trump and those likely to benefit from his administration, surged after his win.Headed into November, the FinTech IPO Index was up nearly 15% year to date. That overall return was outpaced by individual names that were up by high-double-digit and ...