The S&P 500 Has Dropped Etsy. 3 Reasons You Shouldn't.

Etsy stock has slipped 36% this year. The S&P 500 recently completed its latest quarterly rebalancing, a move to ensure the benchmark serves its purpose -- showcasing the performance of the top 500 companies driving today's economy. This generally involves the removal of certain members and the addition of new ones. In the latest reshuffle, the S&P 500 dropped an e-commerce stock that skyrocketed during early pandemic days. I'm talking about Etsy (ETSY -0.14%), an online marketplace connecting the makers of ...