Etsy, ACV Auctions, and EverQuote shares soar on strong Prime Day sales and falling yields

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2▲5 ▼0Impact / 5
Summary · why it matters

Shares of Etsy, ACV Auctions, and EverQuote surged in afternoon trading after record Prime Day sales and falling Treasury yields boosted sentiment for digital platforms. U.S. online sales hit $8.3 billion, up 5.3% year-over-year, signaling robust consumer demand that supports advertising spending on platforms like Google and Meta. The 10-year Treasury yield fell below 4.5%, lowering the discount rate on future cash flows and lifting valuations for consumer internet companies. Etsy jumped 4.6%, ACV Auctions rose 2.7%, and EverQuote gained 4.5%, with Etsy reaching a new 52-week high of $78.22 per share.

Impact on assets 5

Consumer Discretionary▲
Etsy, Inc.
ETSY
▲ PositiveDemandrelevance

Record Prime Day sales and strong online sales growth indicate robust consumer demand for Etsy's platform.

Industrials▲
ACV Auctions Inc.
ACVA
▲ PositiveDemandrelevance

Record Prime Day sales signal robust consumer demand, boosting sentiment for ACV Auctions' digital marketplace.

Communication Services▲
EverQuote Inc Class A
EVER
▲ PositiveDemandrelevance

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

Artificial Intelligence▲
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Record Prime Day sales and strong online sales growth support advertising spending on Google's platform.

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

Record Prime Day sales and strong online sales growth support advertising spending on Meta's platform.