Why Pinterest, Shopify, and Square Stocks Fell Again

Investors in Pinterest (NYSE: PINS), Shopify (NYSE: SHOP), and Square (NYSE: SQ) had another rough day Wednesday. All three of these stocks dropped as much as 10% in afternoon trading. As of the market close, they were down 8%, 7%, and 6%, respectively.

It was a quiet day on the news front for all three of these companies. None of them published a press release. There were no noteworthy SEC filings. None of them were hit by a surprise analyst downgrade, either.

However, it was another wild day of trading on Wall Street generally. The S&P 500, Dow Jones Industrial, and Nasdaq all fell about 5% in the afternoon before recovering slightly. The huge plunge was once again caused by fears related to the continued spread of the novel coronavirus pandemic.

Source Fool.com