Why Shopify Stock Jumped 14.6% Today

Shares of Shopify (NYSE: SHOP) leaped nearly 15% on Tuesday, coinciding with a stimulus-fueled market rally. 

With the COVID-19 coronavirus pandemic threatening to throw the U.S. economy into a deep recession, Congress is working to pass a massive stimulus deal. The markets surged on Tuesday as both Republican and Democrat lawmakers said that an agreement was close at hand.

Shopify, and many other growth stocks, rallied sharply on the news.

Continue reading

Source Fool.com