The Gig Economy Is Back, According to These 2 Stocks
Stock markets have been volatile in 2023, and investors can expect them to remain so for the foreseeable future. There's so much uncertainty about the future course of the global economy that it could take a long time for the market to establish a firm direction. On Wednesday morning, major stock market indexes moved slightly higher, with the Dow Jones Industrial Average (DJINDICES: ^DJI) picking up just about 0.1% near the start of trading.
In recent years, the rise of the gig economy has provided many workers with an economic lifeline to survive tough times. Companies serving freelancers and other gig workers have gone through a lot over that period, seeing huge gains followed by steep declines. However, things are starting to look up for gig economy stocks, and that showed up in the financial results of website design specialist Wix.com (NASDAQ: WIX) and gig-work marketplace platform provider Fiverr International (NYSE: FVRR). Read on to get all the details.
Shares of Wix.com were up 13% early Wednesday. The website design specialist saw continued steady growth in its business, and more importantly, it made big strides toward sustained profitability.
Source Fool.com
