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Why E-Commerce Stocks Chewy, Etsy, and Carvana Rallied Today

TheMotleyFool

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Why E-Commerce Stocks Chewy, Etsy, and Carvana Rallied Today: https://g.foolcdn.com/editorial/images/717652/online-clothes-shopping-e-commerce.jpg

Shares of e-commerce stocks like Chewy (NYSE: CHWY), Etsy (NASDAQ: ETSY), and Carvana (NYSE: CVNA) rose Monday, propelled by a combination of bullish macroeconomic news and strong gains from some of their peers.

Chewy closed the session up by 5.1%, Etsy finished the day 5.5% higher, and Carvana gained 10.3%. Meanwhile, the tech-heavy Nasdaq Composite index rose 2%, outpacing both the S&P 500 and the Dow Jones Industrial Average.

Image source: Getty Images.

Source Fool.com

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