Why Fastly, Teladoc, and Block Shares All Fell on Tuesday
After Tuesday began with many tech stocks performing well, most of them turned to losses later in the day. Edge-computing company Fastly (NYSE: FSLY), telehealth platform provider Teladoc (NYSE: TDOC), and financial technology specialist Block (NYSE: SQ) (formerly Square) are examples of tech companies that all saw their shares slide more than 2% later in the trading day. As of 3:35 p.m. ET, Fastly shares were down 3.5%, Teladoc shares declined just over 2%, and Block shares had fallen about 2.5%.
The three stocks were probably down primarily because of a pullback in tech stocks.
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Source Fool.com
