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Here's Why PayPal and Square Are Rising Today

TheMotleyFool

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Here's Why PayPal and Square Are Rising TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

The stock market is having a strong day on Wednesday, fueled by a rise and stabilization in oil prices and the government's $484 billion stimulus package that is expected to pass as early as tomorrow. As of 1:30 p.m. EDT, both the Dow Jones Industrial Average and S&P 500 index were higher by about 2%.

Among the day's biggest winners are the fintech payment companies. PayPal (NASDAQ: PYPL) was up 7% on the day, and Square (NYSE: SQ) had risen by more than 5%.

Image source: Getty Images.

Source Fool.com

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