Shopify's Surge Can't Keep CE 100 Index From Slipping 1.5%

Market Overview - The post-election rally that previously boosted stocks across various market capitalizations paused, with the overall index slipping 1.5% this past week [1] - Eight of the eleven market pillars experienced losses, contributing to the broader market decline [1] Shopify Performance - Shopify's stock surged by 24.3%, despite the Shop segment declining by 5.1% [2] - The company reported a 26% increase in revenue for Q3, reaching $2.2 billion, while gross merchandise volume (GMV) rose 24% to $69.7 billion [3] Vroom Bankruptcy - Vroom's shares plummeted by 41% following its Chapter 11 bankruptcy filing, with plans to operate as a "debtor-in-possession" [4] - The CEO stated the focus is on maximizing the value of remaining assets after winding down the eCommerce used automotive dealer business [5] - The company aims to eliminate unsecured notes to strengthen its balance sheet and emerge without long-term debt [6] Affirm and Visa Collaboration - Affirm's stock gained 20%, and Visa's increased by 0.6%, helping the Pay and Be Paid segment rise by 1.8% [7] - The Visa Flexible Credential (VFC) is being rolled out in the U.S. in collaboration with Affirm, allowing consumers to pay over time for transactions [8] Disney and Spotify Growth - Disney's stock jumped by 15.9%, with Q4 revenues of $22.6 billion exceeding consensus forecasts and showing a 6% increase year-over-year [10] - Spotify shares rose by 14.5%, with monthly active users increasing by 11% to 640 million and total revenue growing by 19% to €4 billion ($4.2 billion) [11]