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Stock impact report

S&P/TSX composite ends flat on Wednesday, U.S. stock markets lower [Advisor.ca (Canada)]

Shopify Inc. - Class A Subordinate Voting Shares (SHOP) 
Last shopify inc. - class a subordinate voting shares earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
Company Research Source: Advisor.ca
in technology stocks while U.S. markets fell as investors sifted through economic data. Shopify Inc. was the largest drag on the S&P/TSX composite index, losing 7.03% on the day. The company reported a fourth-quarter profit of US$743 million, compared with a profit of US$1.29 billion in the last three months of 2024. “Despite the company beating on revenue lines and announcing actually a buyback of shares … the lower margin forecasts and earnings weakness drove the stock lower,” said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management. The S&P/TSX composite index was down 2.64 points at 33,254.19. In New York, the Dow Jones industrial average was down 66.74 points at 50,121.40. The S&P 500 index was down 0.34 points at 6,941.47, while the Nasdaq composite was down 36.01 points at 23,066.47. U.S. stocks were feeling both the upside and downside Wednesday of a surprisingly strong economic report that said the nation's unemployment rate improved last mon Show less Read more
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