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Why Block Stock Was Surging Today

Why Block Stock Was Surging Today

Shares of Block Inc. (NYSE: SQ) were surging higher on Wednesday afternoon, climbing as much as 8.9% at around 2:30 p.m. EST. The major market indexes were up too, led by the Nasdaq Composite, which was up 328 points (3%) at 3 p.m. EST. Block, along with other fintechs and growth stocks, jumped higher after Federal Reserve Board Chair Jerome Powell delivered a speech at the Brookings Institution.