Nu Holdings Drops 4.5% Amid Broader Market Growth

Shares of Nu Holdings (NYSE: NU) dropped 4.5% to $13.03, with high volume of 107.8 million shares. While the S&P 500 and Dow Jones rose, competitors SoFi Technologies and Inter & Co saw mixed results. Nu Holdings remains above its moving averages, up 25.8% YTD. Various factors could be behind the decline, including market concerns about inflation and interest rates in Latin America. The Motley Fool Stock Advisor did not include Nu Holdings in their top 10 stock picks. They have a strong track record of market-beating returns, so investors may want to consider their recommendations.

Read more at Nasdaq: Stock Market Today: Nu Holdings Slides 4.5% While Broader Market Gains