The whole sector collapsed, Snap (NYSE:SNAP), Pinterest (NYSE:PINS) and Etsy (NASDAQ:ETSY) also failed. Even great financial technology stocks like Block (NYSE:SQ) and PayPal (NASDAQ:PYPL) took a pounding, in spite of their excellent fundamentals. Threat of Market Drag Source: Charts by TradingView Tomorrow we will find out how bad the inflation reading was for February.