Advertisement
Australia markets close in 3 minutes
  • ALL ORDS

    7,842.80
    -94.70 (-1.19%)
     
  • ASX 200

    7,582.00
    -101.00 (-1.31%)
     
  • AUD/USD

    0.6542
    +0.0019 (+0.29%)
     
  • OIL

    84.02
    +0.45 (+0.54%)
     
  • GOLD

    2,350.30
    +7.80 (+0.33%)
     
  • Bitcoin AUD

    98,584.61
    +393.50 (+0.40%)
     
  • CMC Crypto 200

    1,391.55
    -4.98 (-0.36%)
     
  • AUD/EUR

    0.6096
    +0.0023 (+0.37%)
     
  • AUD/NZD

    1.0964
    +0.0007 (+0.06%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    17,917.28
    -171.42 (-0.95%)
     
  • Hang Seng

    17,718.12
    +433.58 (+2.51%)
     
  • NIKKEI 225

    37,994.13
    +365.65 (+0.97%)
     

Here's Why Block Is Rising on Wednesday

Here's Why Block Is Rising on Wednesday

The stock market was having a strong start to the day on Wednesday, with all three major indexes firmly in positive territory shortly after the opening bell. First, the recent market turbulence has disproportionately affected high-growth tech stocks, and Block is certainly one of them. The most beaten-down stocks are also the ones rebounding the most on Wednesday, so much of the move can be attributed to general market momentum.