Why Block Stock Is Falling Today
Shares of Block (NYSE: SQ), a financial technology company, were sliding today, likely on news of rising tensions between Ukraine and Russia.
The tech stock was down by 3.1% as of 11:39 a.m. ET.
Investors have grown increasingly concerned about a potential conflict in Europe after Russian President Vladimir Putin formally acknowledged rebel-held regions in Ukraine. Putin has ordered Russian troops in the regions, which has spurred the U.S. and E.U. into saying that they will issue sanctions against the two breakaway regions.
Source Fool.com
