Square Inc.'s stock posted its worst single-day performance on record Monday after more state and local governments placed restrictions on businesses and social gatherings while also ordering restaurants to suspend dine-in service. Square shares dove further toward the end of the session as the Trump administration issued new guidelines, asking those in the U.S. to avoid social gatherings of more than 10 people and projecting that the outbreak of COVID-19, the disease brought on by the novel coronavirus, could continue posing issues into July. The stock closed down 28.7% in Monday's session. Its previous record drop was a 21.7% decline on May 6, 2016. Square shares have lost 50% over the past month, as the S&P 500 has dropped 29%. Read More...
Square Inc.’s stock posted its worst single-day performance on record Monday after more state and local governments placed restrictions on businesses and social gatherings while also ordering restaurants to suspend dine-in service. Square shares dove further toward the end of the session as the Trump administration issued new guidelines, asking those in the U.S. to avoid social gatherings of more than 10 people and projecting that the outbreak of COVID-19, the disease brought on by the novel coronavirus, could continue posing issues into July. The stock closed down 28.7% in Monday’s session. Its previous record drop was a 21.7% decline on May 6, 2016. Square shares have lost 50% over the past month, as the S&P 500 has dropped 29%.
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