Why Marqeta Stock Is Down Today
Shares of Marqeta (NASDAQ: MQ), a card issuer and payments processor, were falling today, just one day after its share price jumped 9%. Today's decline likely comes as investors processed new jobs data that showed the labor market continues to be strong. While that's good news for people looking for jobs, it also makes it more likely that the Federal Reserve will continue hiking the federal funds rate -- which has tech investors worried.