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Why Block Jumped 8.6% Higher on Monday

TheMotleyFool

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Why Block Jumped 8.6% Higher on Monday: https://g.foolcdn.com/editorial/images/705093/person-reading-on-his-smartphone.jpg

Block (NYSE: SQ) had a good day on Monday as its stock price finished the day up 8.6% to $55.92 per share. The fintech had been up as much as 10.2% during the trading day.

It was also a green day for the stock markets as the Dow Jones Industrial Average finished the day up 551 points (1.9%), while the S&P 500 was up 95 points (2.6%), and the Nasdaq ended with a gain of 354 points (3.4%).

Block, a fintech that offers a suite of payment and administrative-services solutions for merchants, as well as the Cash App for buyers, has had more bad days than good this year, as it is down 65% year to date.

Source Fool.com

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