Why Shopify, PayPal, and MercadoLibre Stocks Rallied on Wednesday - The Motley Fool
Quick Read
So what
The past few days have seen a couple of dramatic developments that weighed on the major market indexes, dragging the Nasdaq Composite and the S&P 500 down to new bear market lows on Tuesday.
Treasuries spikes, its makes these bonds more attractive to investors, especially given the macroeconomic uncertainty resulting from the ongoing bear market.
Positive developments in the unfolding saga involving the British pound and a spike in U.
" A collapse of the British pound earlier this week had roiled world financial markets, with the currency plunging nearly 5% Monday to a record low against the U.
With that as a backdrop, a number of companies focused on the digital economy outperformed the broader markets.
These stocks followed the broader markets higher, as the S&P 500 and the Nasdaq Composite each gained roughly 2%.
What happened
A broad cross-section of stocks charged sharply higher on Wednesday, as Wall Street focused on Treasury yields and foreign government moves to settle unrest in the financial markets.
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