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Benzinga
Benzinga
Business
Adam Eckert

Shopify Shares Are Surging: What's Going On?

Shopify Shopify Inc blockchain

Shopify Inc (NYSE:SHOP) shares are trading higher Thursday amid a drop in Treasury yields. 

The 10-Year Treasury yield was hovering around 2.855% at press time. Lower rates increase the present value of future cash flows, which can positively impact the valuations of growth stocks.

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