Shopify Inc. is trading 1.5% down at $154.71 as growth stocks face pressure from a broader market sell-off triggered by strong economic data.
- U.S. equities opened lower with the S&P 500 down approximately 1% and the Nasdaq falling nearly 2%.
- A stronger-than-expected labor report has dampened investor expectations for near-term interest rate cuts, weighing on high-growth sectors.
- There are no company-specific catalysts or fresh announcements from Shopify Inc. to explain the move.