Shopify stock dips as year-end trading turns defensive; rates back in focus for SHOP
Shopify shares fell 1.7% to $160.97 in after-hours trading Wednesday, closing about 12% below their 52-week high as investors reduced exposure ahead of the New Year’s holiday. The S&P 500 dropped 0.74%, while Treasury yields rose after a labor report. Amazon slipped 0.7%; Etsy and Wix gained. Shopify’s next earnings report will focus on holiday-quarter revenue and costs tied to AI and marketing.