New York, Jan 31, 2026, 05:07 (EST) — Market closed
Shopify’s stock slid 8.64% on Friday, ending at $131.23 on the Nasdaq. Its Toronto listing wasn’t spared either, dropping 7.68% to C$178.67. U.S. shares swung between $130.43 and $141.50 on a hefty volume of 13.6 million.
Markets are closed for the weekend, leaving attention on whether Monday will see further selling in rate-sensitive software stocks. Shopify’s earnings are due in under two weeks, and Friday’s move could quickly entrench bearish sentiment.
The backdrop just got trickier for growth stocks. Donald Trump tapped Kevin Warsh to succeed Jerome Powell as Fed chair when Powell’s term expires in May, Reuters reported. “Markets are calibrating to Trump’s pick of Kevin Warsh,” said Michael Hans of Citizens Wealth. Angelo Kourkafas at Edward Jones pointed to a blend of Fed uncertainty, inflation concerns, and shutdown fears dragging on sentiment. Reuters
Shopify plans to release its fourth-quarter and full-year 2025 earnings before the market opens on Feb. 11, followed by a conference call at 8:30 a.m. ET. An archived replay will be accessible after the call.
Shopify announced a partnership with Verifone to expand its point-of-sale system compatibility, beginning with Verifone’s Victa terminals. The company also rolled out a new POS Hub along with several retail-focused updates, outlined in its latest monthly roundup post.
A recent filing with the U.S. Securities and Exchange Commission revealed that Shopify Strategic Holdings 3 LLC exercised warrants linked to Klaviyo, Inc., snapping up 344,383 shares at just $0.01 each.
All told, Shopify is doubling down on its push to own more of the merchant’s tech stack — from online checkout and payments to a bigger slice of in-store operations. That’s the battleground where it faces off against Block Inc. and the established terminal manufacturers.
Friday’s sell-off served as a stark reminder. When bond yields surge on a less dovish rate outlook, high-multiple software stocks can get hit fast, even if there’s no negative news from the companies themselves.
Investors will face a critical test next week when the U.S. January employment report drops on Feb. 6. This key data could shift expectations on interest rates and, in turn, reshape valuations for growth stocks.
