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Why Etsy Stock Was Sliding Today

TheMotleyFool

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Why Etsy Stock Was Sliding TodayPhoto, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png

Shares of Etsy (NASDAQ: ETSY) were pulling back today, in line with a broader sell-off in stocks, on concerns about rising interest rates as investors look ahead to tomorrow's fed funds rate decision.

Separately, a lukewarm analyst note also seemed to weigh on the artisan-based online marketplace.

As of 2:42 p.m. ET, the stock was down 6.3%.

Source Fool.com

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