Why Etsy Stock Was Down 6% on Wednesday
Etsy (NASDAQ: ETSY) shareholders saw more volatility on Wednesday as the stock fell 6% by 3 p.m. ET, compared to a 0.9% drop in the S&P 500. That decline added to a tough year for owners of the e-commerce platform, which is down 43% so far in 2022.
The slump came as investors lost a bit of the enthusiasm they had developed earlier in the week about stabilizing economic growth trends.
Markets fell on Wednesday, with the Nasdaq Composite Index declining 1%. This move reversed part of the gains that investors saw earlier in the week, which helped push Etsy's shares higher.
Source Fool.com
