Upwork and Yelp Shares Rise on Strong Prime Day Sales and Falling Yields

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

Shares of Upwork and Yelp climbed in afternoon trading, boosted by record Prime Day sales and a drop in Treasury yields that lifted sentiment for digital platforms. U.S. online sales reached $8.3 billion, up 5.3% year-over-year, signaling robust consumer demand that supports advertising budgets. The 10-year Treasury yield fell below 4.5%, lowering the discount rate on future cash flows for consumer internet companies. Upwork rose 1% and Yelp jumped 3.1%, while Alphabet gained 1% ahead of its Dow inclusion. Yelp remains down 22.5% year-to-date, trading at $23.39 per share, 33.7% below its 52-week high.

Impact on assets 4

Industrials▲ · 1 stocks
Upwork Inc
UPWK
▲ PositiveDemandrelevance

Record Prime Day sales signal robust consumer demand, supporting advertising budgets for digital platforms like Upwork.

Communication Services▲ · 1 stocks
Yelp Inc
YELP
▲ PositiveDemandrelevance

Record Prime Day sales signal robust consumer demand, supporting advertising budgets for digital platforms like Yelp.

Artificial Intelligence▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
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