Shopify’s stock slides after earnings. This is what’s worrying Wall Street.
Published . Updated .
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The company missed revenue expectations, a tough outcome in today’s less forgiving tech market.
Directly affected
- SHOP Shopify+5.8% 30d
Named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF-1.1% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story.
- QQQ Invesco QQQ-3.3% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story.
- XLK Technology Select Sector SPDR+9.4% 15d
Technology Select Sector SPDR holds the technology sector that Shopify belongs to, so it often moves with news about it.
- MSFT Microsoft+1.8% 30d
Microsoft is a peer of Shopify in prepackaged software; rivals often move on the same news.
- PLTR Palantir Technologies-3.5% 30d
Palantir Technologies is a peer of Shopify in prepackaged software; rivals often move on the same news.
- ORCL Oracle-17.6% 30d
Oracle is a peer of Shopify in prepackaged software; rivals often move on the same news.
- CRWD CrowdStrike Holdings+2.8% 12d
CrowdStrike Holdings is a peer of Shopify in prepackaged software; rivals often move on the same news.
- CRM Salesforce-3.1% 30d
Salesforce is a peer of Shopify in prepackaged software; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SHOP | +6.11% | +6.79% | base | -9.44% | after close | after close | after close |
| DIA | +0.76% | +0.67% | base | -0.56% | after close | after close | after close |
| QQQ | +5.87% | +5.02% | base | +0.68% | after close | after close | after close |
| XLK | +8.74% | +8.32% | base | +1.30% | after close | after close | after close |
| MSFT | +4.85% | +4.61% | base | +1.52% | after close | after close | after close |
| PLTR | +11.37% | +10.07% | base | -5.01% | after close | after close | after close |
| ORCL | +9.61% | +17.18% | base | +5.39% | after close | after close | after close |
| CRWD | +10.83% | +8.04% | base | +2.94% | after close | after close | after close |
| CRM | +6.55% | +2.09% | base | -2.47% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The company missed revenue expectations, a tough outcome in today’s less forgiving tech market.
Source: MarketWatch
Spdr Dow Jones Industrial Average Etf Trust (DIA) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| CRM | that day | -2.47% | still updating |
| CRM | three days earlier | +2.09% | final price |
| CRM | five days earlier | +6.55% | final price |
| CRWD | that day | +2.94% | still updating |
| CRWD | three days earlier | +8.04% | final price |
| CRWD | five days earlier | +10.83% | final price |
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | that day | -0.56% | still updating |
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | three days earlier | +0.67% | final price |
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | five days earlier | +0.76% | final price |
| MSFT | that day | +1.52% | still updating |
| MSFT | three days earlier | +4.61% | final price |
| MSFT | five days earlier | +4.85% | final price |
| ORCL | that day | +5.39% | still updating |
| ORCL | three days earlier | +17.18% | final price |
| ORCL | five days earlier | +9.61% | final price |
| PLTR | that day | -5.01% | still updating |
| PLTR | three days earlier | +10.07% | final price |
| PLTR | five days earlier | +11.37% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +0.68% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +5.02% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +5.87% | final price |
| SHOP | that day | -9.44% | still updating |
| SHOP | three days earlier | +6.79% | final price |
| SHOP | five days earlier | +6.11% | final price |
| XLK | that day | +1.30% | still updating |
| XLK | three days earlier | +8.32% | final price |
| XLK | five days earlier | +8.74% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 34 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 36 days before publication. Filed 2 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Palantir Technologies (PLTR), worth $1,001 - $15,000 on 24 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Palantir Technologies (PLTR), worth $50,001 - $100,000 on 17 Aug 2026. That is 78 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Palantir Technologies (PLTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 85 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a dependent child), worth $1,001 - $15,000 on 30 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold CrowdStrike Holdings (CRWD), worth $100,001 - $250,000 on 21 Aug 2026. That is 74 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought CrowdStrike Holdings (CRWD), worth $1,001 - $15,000 on 7 Aug 2026. That is 88 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Maria Elvira Salazar sold Salesforce (CRM), worth $1,001 - $15,000 on 24 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)
Companies carried with this story
- DIA Spdr Dow Jones Industrial Average Etf Trust
Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Shopify’s stock slides after earnings. This is what’s worrying Wall Street..” Reason on file: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
- QQQ Invesco Qqq Trust, Series 1
Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Shopify’s stock slides after earnings. This is what’s worrying Wall Street..” Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
- IWM Ishares Tr
In “Shopify’s stock slides after earnings. This is what’s worrying Wall Street.,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
- RSP Invesco Exchange Traded Fd T
In “Shopify’s stock slides after earnings. This is what’s worrying Wall Street.,” Invesco Exchange Traded Fd T (RSP) is linked, with no stored direction, medium confidence. Reason on file: Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
- VTI Vanguard Index Fds
Vanguard Index Fds (VTI) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Shopify’s stock slides after earnings. This is what’s worrying Wall Street..” Reason on file: Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
Spdr Dow Jones Industrial Average Etf Trust (DIA)
On 3 Nov 2026, “Shopify’s stock slides after earnings. This is what’s worrying Wall Street.” is the story that connects Spdr Dow Jones Industrial Average Etf Trust (DIA) to this story.
Spdr Dow Jones Industrial Average Etf Trust (DIA) is on the page because SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
Invesco Qqq Trust, Series 1 (QQQ) is here too. Its reason reads: Invesco QQQ: it is a broad US stock-market fund. Linked by “wall street” (the broad US market) in this story
Dates and price levels for Spdr Dow Jones Industrial Average Etf Trust (DIA)
DIA traded between 504.92 and 522.62 across 18 sessions. The latest close on file is 515.65. IWM traded between 269.88 and 285.25 across 20 sessions. The latest close on file is 279.20. QQQ traded between 680.34 and 758.19 across 20 sessions. The latest close on file is 681.22.
What the saved facts support for Spdr Dow Jones Industrial Average Etf Trust (DIA)
40 out of 100Price not final
“Shopify’s stock slides after earnings. This is what’s worrying Wall Street.” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.