Advertisement
UK markets open in 5 hours 31 minutes

  • NIKKEI 225

    37,626.52
    -1.96 (-0.01%)
     

  • HANG SENG

    17,284.54
    0.00 (0.00%)
     

  • CRUDE OIL

    83.81
    +0.24 (+0.29%)
     

  • GOLD FUTURES

    2,340.30
    -2.20 (-0.09%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,233.49
    -346.24 (-0.67%)
     

  • CMC Crypto 200

    1,381.86
    -0.71 (-0.05%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Why Stitch Fix, Sea Limited, and MercadoLibre Were Pulling Back Today

Jeremy Bowman, The Motley Fool
·4-min read
Why Stitch Fix, Sea Limited, and MercadoLibre Were Pulling Back Today

Shares of high-flying e-commerce stocks including Stitch Fix (NASDAQ: SFIX), Sea Limited (NYSE: SE), and MercadoLibre (NASDAQ: MELI) were falling today on a broader sell-off in tech stocks. There was no major news out on any of these companies but they were likely falling in sympathy with Shopify (NYSE: SHOP), the e-commerce software company, which reported strong fourth-quarter earnings this morning but also warned that revenue growth would slow in 2021 as vaccines roll out, foreshadowing a slowdown across the e-commerce sector. As of 12:43 p.m. EST, Stitch Fix was down 8.3%, Sea Limited had fallen 4.1%, and MercadoLibre shares were off 3.6%.

Continue reading