Why Shopify Stock Jumped Today
Shares of e-commerce platform company Shopify (NASDAQ: SHOP) rose rapidly today on news that China and the U.S. are ratcheting down their trade war. Shopify's e-commerce technology is used by small businesses and large companies alike, so any slowdown to the economy because of tariffs would likely impact Shopify's business.Shopify stock was up by 11.4% as of 11:02 a.m. ET.Image source: Getty Images.Continue reading
Shares of e-commerce platform company Shopify (NASDAQ: SHOP) rose rapidly today on news that China and the U.S. are ratcheting down their trade war. Shopify's e-commerce technology is used by small businesses and large companies alike, so any slowdown to the economy because of tariffs would likely impact Shopify's business.
Shopify stock was up by 11.4% as of 11:02 a.m. ET.
Image source: Getty Images.
