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Why Shopify Stock Jumped on Thursday

·1 min read
Why Shopify Stock Jumped on Thursday
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Shares of e-commerce platform specialist Shopify (NYSE: SHOP) jumped sharply on Thursday. The stock's gain was likely driven primarily by a bullish day in the market for tech stocks -- particularly for growth tech stocks like Shopify. Highlighting optimism for tech stocks on Thursday, the tech-heavy Nasdaq Composite was up 0.9% as of this writing, even as the S&P 500 dipped about 0.1%.