Shares of online retailer of handmade goods and crafts Etsy (NASDAQ: ETSY) rose another 4% through 10:50 a.m. ET on Thursday. And yes, part of the reason for this was Federal Reserve Chair Jerome Powell's reassuring comments about inflation and interest rates yesterday.
But also part of the reason Etsy keeps going up -- part of the reason the stock has moved higher for three straight days -- is due to Etsy itself, and the good news surrounding it.
As stock markets awoke from their tryptophan coma on Monday, stock-watcher StreetInsider happily reported that Black Friday shopping levels set a new record last week, with shoppers online in particular spending more than $9.1 billion -- 2.3% more than last year.
Source Fool.com