Why Square Stock Jumped Today
Shares of Square (NYSE: SQ), a digital payments and financial services company, jumped today on no company-specific news. The tech stock likely made gains today as investors started to shift their attention back to technology stocks after fleeing the sector for much of 2021.
Square's stock was up 4.1% as of 11:05 a.m. EDT.
Investor sentiment has shifted away from technology stocks for much of this year as the U.S. economy has started to open back up. Investors focused their attention on high-growth tech stocks in 2020 as they looked to companies that they believed would be able to successfully ride out the pandemic.
Source Fool.com
