LMND - Hot Stocks: Fintechs fall; Berkshire Hathaway tests $500K; GME hits low; NKTR plunges; TRQ rallies

The S&P 500 and Nasdaq posted losses again Monday, as stocks failed to sustain an early attempt at a rebound. Worries about the Russia-Ukraine conflict and the looming prospect of rising interest rates continued to fuel caution on Wall Street. Amid this environment, fintechs took another leg lower. Problems with a securities sale from Affirm (NASDAQ:AFRM) played into growing concerns about the once-popular sector. Along with a sharp slide in AFRM, stocks like Upstart (NASDAQ:UPST), Lemonade (NYSE:LMND) and Block (NYSE:SQ) all posted notable losses. Nektar (NASDAQ:NKTR) represented another standout decliner, falling more than 60% on a failed clinical trial. Meanwhile, former meme-stock favorite GameStop (NYSE:GME) pushed to a new 52-week low on signs of weakness in the overall video game sector. Looking at some of the day's standout gainers, Turquoise Hill Resources (NYSE:TRQ) expanded its value by nearly a third following a takeover offer from Rio Tinto (NYSE:RIO). At the

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Hot Stocks: Fintechs fall; Berkshire Hathaway tests $500K; GME hits low; NKTR plunges; TRQ rallies