Nu Holdings Stock Drops 0.58% as $950M Volume Ranks 103rd in U.S. Dollar Volume Amid Fintech Sector Pressures

On October 9, 2025, , . , . equities. The session saw mixed market conditions with sector-specific volatility impacting growth-oriented names.

Analysts noted that Nu's underperformance aligned with broader trends in , which faced renewed scrutiny over regulatory developments in . While no direct earnings catalysts were present, market participants pointed to macroeconomic uncertainty and shifting investor risk appetite as key drivers. The company's recent product roadmap updates, though positive in tone, failed to generate significant momentum in the near-term.

Back-testing analysis of revealed that maintaining a portfolio of the top 500 most actively traded stocks daily from 2022-01-01 would require systematic execution of buy-and-hold trades at daily close prices. This approach involves aggregating liquidity data across the U.S. equity universe, ranking securities by trading volume, and liquidating positions at the next day's close to track cumulative returns. However, practical implementation faces constraints due to current back-test engine limitations in handling large cross-sectional portfolios.

Alternative approaches include narrowing the universe to indices like the S&P 500 or Russell 1000 and testing volume-ranked subsets (e.g., top 50-100 stocks). Another method involves using high-liquidity , though these may not perfectly replicate the original strategy. Both options require further refinement to establish robust risk-return metrics for the volume-driven approach.