Shares of several tech and fintech stocks dropped to start the new year as investors continued to speculate about the orbit of inflation and interest rates.

Shares of the Brazilian e-commerce and payments company StoneCo (NASDAQ: STNE) traded roughly 8.7% lower as of 2 p.m. ET today.

Meanwhile, shares of the artificial intelligence-assisted loan platform Upstart (NASDAQ: UPST) traded about 3.5% down, while shares of the insurtech company Lemonade (NYSE: LMND) were roughly flat after having been down as much as 4% earlier today.

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Source Fool.com