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Why Shopify Stock Is Rising Today

TheMotleyFool

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The stock of Shopify (NYSE: SHOP) is jumping today as the tech sector rebounds following several days of a sell-off. Shopify's stock was up by as much as 5.7% before losing some ground. As of 12:47 p.m. EST on Wednesday, it was up 4.2%.

The tech sector is starting to make gains again after a sell-off. Shopify's stock fell 19% between Sept. 2 and 8. Before the sell-off, technology stocks had surged over the past few months as investors bet that many of the services that tech companies offer would become essential during the coronavirus pandemic.

Image source: Getty Images.

Source Fool.com

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