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Why Etsy Stock Fell Today

TheMotleyFool

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Why Etsy Stock Fell TodayPhoto, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

Shares of the e-commerce company Etsy (NASDAQ: ETSY) were falling today, likely as investors worried that a potential economic slowdown could hurt Etsy's growth.

Some bank CEOs made comments today saying that they're seeing slowing consumer spending, which could spell short-term trouble for the e-commerce company. As a result, Etsy's stock was down by 3.6% as of 3:38 p.m. EST.

Bank of America CEO Brian Moynihan said at a conference today the "rate of growth is slowing" for credit card volume at the bank.

Source Fool.com

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