Why Square Stock Fell 5.7% Today

Shares of financial technology company Square (NYSE: SQ) fell as much as 5.7% in trading on Wednesday as growth stocks took a hit across the market. At 1 p.m. EDT, shares were still down 3.5% for the day. 

There isn't any big, market-moving news from Square today, but the stock is getting caught up in a sell-off of growth stocks. Shares of Square generally exaggerate the market's moves. With the S&P 500 down 0.7% and the Nasdaq Composite falling 0.4%, it's no surprise that Square's stock is down even more than that. 

Image source: Square.

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Source Fool.com