Why Square Stock Dropped 6.4% Today

Shares of fintech stock Square (NYSE: SQ) took a hit on Tuesday, falling as much as 6.4%. Shares are near their daily lows at 2:10 p.m. EDT, trading 6.1% down for the day.

The market news today is that stocks overall are down and growth stocks are being hit harder than most. As I'm writing, the S&P 500 is down 2.1% and the Dow Jones Industrial Average is off 1.7%, so it's no surprise that high-volatility (high-beta) stocks like Square are magnifying those losses.

Image source: Square.

Source Fool.com