Block Stock Climbs as Wall Street Cheers Dorsey’s New Investment Framework

Investors were looking past mixed earnings from


late Thursday as Wall Street cheered a new investment framework aimed at financial discipline from the fintech group.

Shares in Block (ticker: SQ), formerly known as Square, jumped 7% in U.S. premarket trading on Friday, as analysts turned more bullish on the stock after CEO Jack Dorsey outlined a hotly-awaited investment plan in Thursday’s earnings call.