Nu Holdings Stock Jumps 6% as Wall Street Rebounds, but Nubank Cost Questions Linger
Nu Holdings climbed almost 6% Monday, with shares trading near $14.78 after reaching as high as $14.915 earlier. Trading volume spiked close to 60 million shares—a notable surge for the Brazilian digital bank. Nu shares recovered some ground after the late-February earnings-driven slide, as global markets showed signs of stabilization. Wall Street turned higher following U.S. President Donald Trump's announcement that strikes on Iranian energy assets were on hold. Oil prices tumbled, taking some heat off growth stocks and riskier plays.