Why Block Stock Was Surging on Wednesday
Shares of Block (NYSE: SQ) were trending higher on Wednesday, up 5.1% as of 12:30 p.m. ET. It had been up as much as 5.4% during morning trading. The stock was trading at about $67 per share, up about 6.6% year to date.
The major indexes were all up on Wednesday as the S&P 500 had gained 44 points (1.1%), the Dow Jones Industrial Average was up 236 points (0.7%), and the Nasdaq Composite had climbed 169 points (1.4%).
Source Fool.com