Upstart, Robinhood, and Opendoor Are All Spiking on Wednesday -- Here's Why They Could Go Even Higher

The stock market was having a generally strong day on Wednesday, with the S&P 500 (^GSPC 1.62%) and Nasdaq Composite (^IXIC 2.13%) up by 1.7% and 2.3%, respectively, as of 10:30 a.m. ET. However, several financial technology, or fintech, stocks were spiking much higher.Lending technology platform Upstart (UPST 9.10%) was higher by 12%, innovative brokerage app provider Robinhood (HOOD 9.96%) gained nearly 10%, and real estate technology platform Opendoor (OPEN 10.95%) was up by as much as 13% for the day. A ...