💸📉🚨 Block Shares Crash 22% as Profit Forecast Slashed Amid Tariff Fears 🔹 Summary: Block’s stock plunged to its lowest level since November 2023 after cutting its full-year profit outlook, rattling investors and analysts alike. Weak Cash App performance and growing competitive pressures compounded concerns over slowing consumer spending fueled by Trump's tariff policy. 🔹 Key Points: • Block’s shares dropped 22% to $45.71 after lowering 2025 gross profit growth guidance from 15% to 12%. • The firm projected Q2 gross profit of $2.45 billion, missing Wall Street’s $2.54 billion estimate. • At least eight brokerages slashed their price targets following the forecast cut. • U.S. economic contraction in Q1 has heightened fears of reduced consumer spending. • Cash App softness and mounting competition are eroding Block’s growth prospects. @CMEActiveTrader Tickers Of Interest: $NQ $ES Tickers Of Interest: $SQ $V $MA $USD