Here's Why Square Stock Is Rising Today
The share price of Square (NYSE: SQ) was climbing today as investors appeared to be warming up again to technology stocks, after exiting the sector over the past couple of days.
Square's stock was up by as much as 5.9% this morning and had gained 5.5% as of 10:29 a.m. EST.
For the first two days of this week, Square's stock fell as some investors fled so-called stay-at-home stocks. The company's digital payment platform has benefited during the pandemic as more businesses have relied on e-commerce, but news earlier this week that Pfizer's coronavirus vaccine candidate is more than 90% effective sent many tech stocks tumbling. Some investors believe that life could soon return to normal and that this could end the huge growth that some technology companies have enjoyed this year.
Source Fool.com
