U.S. Markets open in 1 hr 21 mins
  • S&P Futures

    4,064.00
    +59.25 (+1.48%)
     
  • Dow Futures

    32,522.00
    +363.00 (+1.13%)
     
  • Nasdaq Futures

    12,476.00
    +231.25 (+1.89%)
     
  • Russell 2000 Futures

    1,814.90
    +32.50 (+1.82%)
     
  • Crude Oil

    115.29
    +1.09 (+0.95%)
     
  • Gold

    1,833.30
    +19.30 (+1.06%)
     
  • Silver

    21.83
    +0.28 (+1.29%)
     
  • EUR/USD

    1.0546
    +0.0108 (+1.0335%)
     
  • 10-Yr Bond

    2.8770
    0.0000 (0.00%)
     
  • Vix

    26.61
    -2.26 (-7.83%)
     
  • GBP/USD

    1.2491
    +0.0167 (+1.3565%)
     
  • USD/JPY

    129.2920
    +0.2390 (+0.1852%)
     
  • BTC-USD

    30,346.52
    +595.29 (+2.00%)
     
  • CMC Crypto 200

    682.56
    +439.88 (+181.26%)
     
  • FTSE 100

    7,525.31
    +60.51 (+0.81%)
     
  • Nikkei 225

    26,659.75
    +112.70 (+0.42%)
     

Why Block Stock Tumbled by Nearly 5% on Thursday

·2 min read
Why Block Stock Tumbled by Nearly 5% on Thursday
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

A disquieting report about a rival's possible encroachment on its core business socked Block (NYSE: SQ) with a nearly 5% sell-off in its shares on Thursday. After market hours on Wednesday, Bloomberg published an article stating that ever-mighty Apple (NASDAQ: AAPL) plans to launch a small-business payments service. The article's sources said that Apple, always hungry to find fresh and strong wellsprings of revenue, has been developing such a service since 2020.