🟢 Shopify is trading 4.03% up today as flat July PPI supports technology valuations

Shopify is trading at $156.47, up +4.03%, as stronger growth-stock sentiment supports technology valuations after July PPI was flat month over month.

• The S&P 500 is rising 0.60%, while the Nasdaq gains 0.85%.
• The PPI reading was below expectations, reinforcing expectations for steady Federal Reserve policy.
• Optimism from Shopify’s upbeat second-quarter results and AI-driven growth outlook continues to support sentiment, but no new company-specific catalyst clearly explains the August 13 move.