Etsy Aktie News

Etsy's sales volumes fell this past quarter. The company is working on improving the shopping experience.

Technology has the potential to help both buyers and sellers.

Major U.S. equities indexes pushed higher the day after the Federal Reserve announced its latest policy decision, holding the fed funds rate steady for the sixth straight meeting. Although the path toward lower interest rates remains uncertain, Fed Chair Jerome Powell reassured the markets by dismissing the probability of a rate hike.

Etsy reported another round of weak sales in the first quarter. The business is struggling to grow in a post-pandemic world.

Shares of Etsy, Inc. (ETSY) plummeted in Thursday morning trading after the e-commerce retailer reported quarterly earnings that came in short of expectations after markets closed Wednesday.

Etsy Inc (NASDAQ:ETSY, ETR:3E2) shares plunged more than 13% after the online marketplace focused on handmade and vintage items posted a quarterly earnings miss amid a slowdown in discretionary consumer product spending. Etsy shares traded down 13.6% at about $60 late morning on Thursday.

Etsy stock is down more than 15% Thursday as investors reacted to a Q1 earnings report that showed a decline in gross sales.

Large-cap growth funds have been in the sweet spot for a few years now, thanks to megacap tech holdings.