Benzinga

Why Square Shares Are Falling

Shares of companies in the broader technology space, including Square, Inc. (NYSE: SQ), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.508% Monday morning before dipping to around the 1.496% level. The spike in the 10-year note Monday comes after the Federal Reserve in September spoke on winding down its ongoing asset purchasing program. Square, together with its subsidiaries, creates tools that ena

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