Shares of Upstart Holdings (NASDAQ: UPST) were sliding today on no company-specific news. Instead, investors were concerned about comments made by a Federal Reserve official about rising interest rates. 

Investors are worried that ongoing interest rate hikes could spur a recession and the financial industry, which includes fintech companies like Upstart, is more sensitive to investors' concerns about an economic slowdown. 

As a result, Upstart's share price was down by 3.8% as of 1:51 p.m. ET. 

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Source Fool.com