Shares of fintech giant Square (NYSE: SQ), soon to be known as Block, fell as much as 5.1% on Thursday as many growth stocks lost momentum. The biggest news of the day was that U.S. unemployment claims were just 184,000 last week, the lowest since 1969. A strong labor market is good for the economy, but it could also mean things like higher inflation and the Federal Reserve trying to push interest rates higher. Read More...
Shares of fintech giant Square (NYSE: SQ), soon to be known as Block, fell as much as 5.1% on Thursday as many growth stocks lost momentum. The biggest news of the day was that U.S. unemployment claims were just 184,000 last week, the lowest since 1969. A strong labor market is good for the economy, but it could also mean things like higher inflation and the Federal Reserve trying to push interest rates higher.
