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Why Shopify Stock Is Rising Today

TheMotleyFool

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Why Shopify Stock Is Rising Today: https://g.foolcdn.com/editorial/images/827919/gettyimages-472706058-1201x801-d21b45d.jpg

Shares of the e-commerce platform company (NASDAQ: SHOP) were rebounding today after stumbling on Friday after a weaker-than-expected jobs report. Investors regained some of their optimism for the company today, as the European Union says it's delaying some retaliatory tariffs on the U.S. for six months.

Shopify investors are closely watching for any positive economic news as they prepare for the company's Q2 earnings report due out on Wednesday. Shopify stock was up by more than 5% this morning and had gained 4.8% as of 11:29 a.m. ET.

Image source: Getty Images.

Source Fool.com