Remitly, Angi, and Fiverr Shares Surge on Strong Prime Day Sales and Falling Yields

Industry
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Remitly, Angi, and Fiverr jumped in afternoon trading after robust Prime Day sales data and declining Treasury yields lifted sentiment for digital platforms. U.S. online sales reached a record $8.3 billion, up 5.3% year-over-year, signaling resilient consumer demand that supports advertising spending on platforms like Google and Meta. The 10-year Treasury yield fell below 4.5%, reducing the discount rate on future cash flows and boosting valuations for consumer internet companies. Remitly rose 4.7%, Angi gained 9.2%, and Fiverr climbed 4.6%.

Impact on stocks 5

Communication Services▲ · 1 stocks
ANGI Homeservices Inc
ANGI
▲ PositiveMonetaryrelevance

Falling Treasury yields reduce discount rates, boosting valuations for consumer internet companies like Angi.

Digital Finance & Tokenization▲ · 1 stocks
Remitly Global Inc
RELY
▲ PositiveMonetaryrelevance

Falling Treasury yields reduce discount rates, boosting valuations for consumer internet companies like Remitly.

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Record Prime Day sales signal resilient consumer demand, supporting advertising spending on Google's platform.

Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Record Prime Day sales signal resilient consumer demand, supporting advertising spending on Meta's platform.

Industrials▲ · 1 stocks
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