Shopify stock slides 7% as rate jitters return; here’s what traders watch next
Shopify shares fell about 7% to $133.40 Friday afternoon on Nasdaq, with Toronto shares down 6.5%, after the Fed left rates unchanged and U.S. inflation data came in higher than expected. The drop followed Donald Trump’s announcement of Kevin Warsh as his Fed chair pick. Investors are watching for Shopify’s mid-February earnings and updates on its payments expansion.