
Red Rivers of the Market: A Stormy Week for Stocks and FinTech
Market Turbulence: The Dow Jones and S&P 500 fell more than 10% due to trade war fears and macroeconomic concerns. FinTech IPO Index dropped 4.8% in a week, mirroring broader market declines. Crypto sector hit hard, exemplified by Robinhood’s 19.5% valuation drop.