March Madness on Wall Street: Stocks to Watch

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Why Upstart, Block and Lemonade Fainted Again Today

Shares of Upstart (NASDAQ: UPST), Block (NYSE: SQ) and Lemonade (NYSE: LMND) fell sharply again on Monday, down 10.7%, 7% and 8.1%, respectively on the daytime. While each of these companies is slightly different in what they do – Upstart uses artificial intelligence to underwrite consumer loans, Block is a payments processor, lender, consumer broker and digital wallet, and Lemonade is a digital insurance brokerage – each is a type of high-growth fintech stock. Fintechs have benefited in recent years as the interest rate environment was conducive to high-growth tech stocks and the economy was relatively healthy.

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