Here's Why Square Stock Dropped on Monday

·2-min read
Here's Why Square Stock Dropped on Monday

The stock market was having a generally negative day on Monday, with the S&P 500 down by about 0.5% at 2:30 p.m. EDT. The primary reason for today's decline is that Square announced plans to offer $2 billion in senior notes (aka debt) in a private placement to institutional investors. Square plans to use the money for "general corporate purposes."

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