FintekNews-KFTX Fintech Index-9/26 Daily Closing Analysis

By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group

9/26/16 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)

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Back down we go. Starting the last week of the third quarter with a pretty good drop. The New NASDAQ KFTX fintech index dropped  points to settle at 1034.89, off -1.09%. Fintech companies strong, KFTX not so much.

So, let’s explore where the action was. Seven stocks had an intraday move of +/- 3%.

ADS down more earlier-settled at 211.44: -5.55 (-2.56%)
BOFI 21.74  -.71 (-3.16%)
CBOE* 66.59 -3.71 (-5.28%) (see below)
ENV 37.63 -1.35 (-3.46%)
LC 6.11 -.17 (-2.71%)
RATE 8.10 -.21 (-2.53%) &
VIRT 15.42 -.67 (-4.16%)

Stocks with big point moves (+/-2) include;

ADS -5.55
CBOE* -3.71
FDS -2.38
ICE -2.07
MKTX -2.87

The rest of the week? Let’s see what the first presidential debate brings (other than record viewers) if it does affect markets. At least it should be fun. Have a great evening.

*CBOE is to acquire the BATS Exchange (see corresponding story at FintekNews.com)