NEW YORK, December 30, 2025, 19:19 ET — After-hours
- Shopify shares fell 2.5% on Tuesday and were flat in late after-hours trading.
- The move tracked a soft finish for U.S. tech shares as investors digested the latest Federal Reserve minutes.
- Traders head into the final session of 2025 with holiday-thin liquidity and key U.S. data due Wednesday morning.
Shopify Inc shares fell $4.13, or 2.5%, to $163.74 on Tuesday and were little changed in late after-hours trading.
The slide puts Shopify (SHOP) in focus heading into the final U.S. trading day of 2025, when year-end positioning can amplify moves in high-beta stocks. “High beta” is Wall Street shorthand for shares that tend to swing more than the broader market.
Rates are also back in the driver’s seat for growth names. Investors often treat high-growth stocks like Shopify as sensitive to interest-rate expectations because more of their value rests on profits expected years out.
U.S. stocks ended slightly lower in choppy, holiday-thin trade on Tuesday, with the S&P 500 down 0.14% and the Nasdaq off 0.23%. “It’s just a healthy rebalancing of allocations more so than an emotionally driven sell-off,” said Mark Hackett, chief market strategist at Nationwide. Reuters
Other e-commerce and online-platform names also eased. Wix.com fell 1.5% and Etsy slid 2.2%, while Amazon was little changed.
The latest Fed minutes underscored divisions among policymakers over the outlook and showed some officials viewed the December decision as finely balanced. Reuters
Shopify itself had no fresh corporate announcement on Tuesday. In its most recent quarterly update, the company forecast holiday-quarter revenue growth in the mid-to-high twenties percentage range while warning that higher spending weighed on margins. Reuters
For Shopify bulls, the near-term question is whether holiday-season demand and merchant activity line up with that forecast and whether operating costs stay contained. For bears, valuation sensitivity to rates remains the pressure point if yields push higher again.
On Tuesday, Shopify traded between an intraday high of $168.07 and a low of $163.50, with about 4.8 million shares changing hands.
Before Wednesday’s session, traders will be watching initial jobless claims at 8:30 a.m. ET and the S&P Case-Shiller home price index at 9 a.m. ET. U.S. stocks are set to trade regular hours on December 31, while the bond market is scheduled to close early at 2 p.m. ET; equity markets will be closed on January 1 and reopen on January 2. MarketWatch+2Nasdaq+2
In rates markets, traders have been recalibrating expectations for 2026, with futures pricing roughly 60 basis points of easing, according to Reuters. That matters for high-growth stocks because lower rates can lift the value investors assign to future earnings. Reuters
The next major company catalyst is Shopify’s fourth-quarter report, with market calendars pointing to mid-February. Until then, the stock is likely to trade on macro signals, risk appetite and any read-through on post-holiday consumer spending. Marketscreener
