Etsy shares are trading lower amid weakness in broader retail names after Foot Locker cut its financial outlook and after US debt limit talks reportedly stalled.
Portfolio Pulse from Bill Haddad
Etsy shares are trading lower due to weakness in the broader retail sector after Foot Locker cut its financial outlook and US debt limit talks stalled.
May 19, 2023 | 7:00 pm
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Etsy's stock price is negatively impacted by the broader retail sector's weakness following Foot Locker's financial outlook cut and stalled US debt limit talks.
Etsy's stock price is being affected by the overall weakness in the retail sector. This is due to Foot Locker cutting its financial outlook, which has a negative impact on the retail industry as a whole. Additionally, the stalled US debt limit talks create uncertainty in the market, further affecting Etsy's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50