Here's Why Square's Stock Price Rose Today
Square's (NYSE: SQ) stock rose Monday as investors put their money into tech stocks as a strategy to ride out the rising coronavirus wave that has taken hold across most of the U.S. The fintech company closed the trading day up 6.4%.
As the COVID-19 pandemic has continued to hit new peaks in states across the country, many investors have put their money into technology companies that are focused on helping businesses expand their e-commerce opportunities. Square's platform makes it easy for businesses of all sizes to set up online shops and process digital transactions.
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Source Fool.com
