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Why Square Stock Fell 6.7% Today

TheMotleyFool

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Shares of finance-company Square (NYSE: SQ) fell as much as 6.7% in trading on Wednesday and is bouncing near new lows late in the day. At 3:40 p.m. EDT, shares are down 6.5% and look like they'll close near lows for the year.

The biggest reason Square stock is off today is because growth and tech stocks are taking it on the chin. The Nasdaq Composite Index (NASDAQINDEX: ^IXIC) is currently down 2.5% for the day, outpacing the 1.7% decline for the Dow Industrial Average (DJINDICES: ^DJI), and high-growth stocks are faring the worst.

Image source: Square.

Source Fool.com

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