By Ben GlickmanShares of Shopify traded higher Friday after Amazon.com's results signaled holiday spending was strong. Amazon reported sales growth late Thursday that topped analysts' estimates, a signal of strong online shopping during the holiday quarter. Shopify has sent early signals of strong sales growth in the holiday shopping period. Amazon's report suggests sales growth may have held up through the quarter. Amazon shares rallied Friday after the company's fourth-quarter results, rising about 8%.

Source: Wall Street Journal February 02, 2024 18:08 UTC