Why Block Jumped 8.6% Higher on Monday
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