Here's Why Block Is Rising on Wednesday

The stock market was having a strong start to the day on Wednesday, with all three major indexes firmly in positive territory shortly after the opening bell. However, fintech giant Block (NYSE: SQ), formerly known as Square, was an outperformer, with shares rising by as much as 5% before retreating a bit.

There isn't any company-specific news propelling Block higher today. The move is likely being fueled by a combination of two factors.

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Source Fool.com