Shopify isn’t just a storefront builder anymore, it has transformed into a full “Retail Operating System” that powers payments, shipping, capital, tax, marketing, and even offline commerce.
Shares of e-commerce platform Shopify (NYSE:SHOP) jumped 3.8% in the afternoon session after the broader market rallied as the Federal Reserve signaled potential interest rate cuts. Technology and growth stocks surged on Friday after Federal Reserve Chair Jerome Powell indicated that interest rates could be cut, a welcome development for investors. The positive market sentiment provided a tailwind for Shopify, which had recently experienced a retreat due to profit-taking after a "blowout" Q2 earnings report drove the stock to a multi-year high earlier in August.
President Donald Trump's executive order ending duty-free de-minimis exemptions for imports is already triggering fallout overseas, with Korea Post announcing that it will be halting all air parcels bound to the U.S. starting August 25.
The Nasdaq 100 (^NDX) is known for housing some of the most innovative and fastest-growing companies in the market.
But not every stock in the index is a winner - some are struggling with slowing growth, increasing competition, or unsustainable valuations.
Having a stock you own get acquired at a premium feels good at first, but what about the long-term gains that will be left behind when your chips are off the table?
Container shipping activity between China and the United States is sliding again, with traffic hitting its weakest levels in two years, according to the latest reports.
A number of stocks fell in the morning session after markets pulled back as a hotter-than-expected wholesale inflation report for July dampened hopes for a Federal Reserve interest rate cut. The U.S. Producer Price Index (PPI), a key measure of wholesale inflation, rose 0.9% month-over-month in July, far exceeding the 0.2% increase that economists had predicted. Annually, prices at the wholesale level jumped 3.3%, also surpassing the 2.5% forecast. This hotter-than-expected data has poured cold water on widespread expectations for an interest rate cut from the Federal Reserve next month. Persistent inflation makes it less likely for the central bank to ease monetary policy. Sectors with high-growth stocks, such as SaaS, are particularly sensitive to interest rate changes, as the prospect of higher rates for longer can diminish the present value of their future earnings, leading to a decline in stock prices.
