Here's Why Block (Square) Is Falling Today
The stock market was having a generally negative day on Tuesday, with all three major indexes in the red as of 11:30 a.m. ET. However, fintech giant Block (NYSE: SQ) -- formerly known as Square -- was a major underperformer, with shares down by 6% for the day.
In addition to general downward pressure on tech stocks today, there's one major news item that is pushing Block lower, and it's a phrase that investors never want to hear -- a data breach.
Image source: Block.
Source Fool.com