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Benzinga
Benzinga
Business
Evette Mitkov

Etsy Shares Drop As Consumer Confidence Weakens, ChatGPT Integration Gains Fade

Etsy Etsy Inc Nasdaq Nathan Feather Government Shutdown OpenAI
Etsy, Inc. (NASDAQ: ETSY)

Etsy Inc (NASDAQ:ETSY) shares are trading lower on Tuesday as retail, apparel and consumer discretionary stocks decline following a drop in consumer confidence, with concerns over a potential government shutdown also weighing on economic sentiment.

What Happened: The consumer confidence index moved lower by 3.6 points in September to a reading of 94.2, down from a reading of 97.8 in August. The data, which was released on Tuesday, shows consumer confidence at its lowest levels since April.

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