ETSY News & Events

A bounce in oil prices helped the Energy sector of the S&P 500 pace the broader index to its second consecutive winning session and defuse the bump in Treasury yields in the wake of January Fed meeting minutes that tilted dovish, with a subset of the committee keeping the door open to policy tightening if the fight against inflation heats up again.  Meanwhile Utilities - a sector trading firmly since early last week - was the worst performer, surrendering some of its February gains.  Ahead of tomorrow's earnings, Walmart's second consecutive losing sessionalso led Consumer Staples space to the downside.In the opening hour of the evening session, index futures are paring their earlier gains - S&P e-minis, Nasdaq 100 and Dow Industrials are all down about 0.1%.  In commodities, WTI Crude Oil is consolidating its robust Wednesday gains around $65 per barrel, while precious metals are trading more stable with some modest downside and an eye on today's greenback rally.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -DoorDashup 12.7%Tronoxup 6.2%eBayup 6.1%Blue Owl Capitalup 4.9%ALSO HIGHER -Etsyup 15.3% after selling Depop to eBay for $1.2BDOWN AFTER EARNINGS -Carvanadown 16.1%Avis Budget Groupdown 12.3%Molson Coorsdown 6.5%CVR Energydown 4.6%Cheesecake Factorydown 3.8%Jack in the Boxdown 2.6%Booking Holdingsdown 0.3%

eBay (EBAY) and Etsy, Inc. (ETSY) jointly announced that they have entered into a definitive agreement under which eBay will acquire Depop, a leading C2C fashion marketplace with deep recommerce roots and a highly-engaged Gen Z and Millennial customer base, for approximately $1.2 billion in cash, subject to certain purchase price adjustments. "Depop has built a trusted, social-forward marketplace with strong momentum in the pre-loved fashion category, and we are confident that as part of eBay, Depop will be even more well-positioned for long-term growth, benefiting from our scale, complementary offerings, and operational capabilities," said Jamie Ianonne, Chief Executive Officer of eBay. "A key C2C driver, fashion represents more than $10 billion in annual gross merchandise volume (GMV) for eBay and delivered 10% year-over-year GMV growth in the U.S. in 2025. This acquisition presents an opportunity to advance one of our newest and fastest-growing Focus Categories with a marketplace that complements our existing presence, and enables us to reach a younger demographic across the expanding recommerce landscape. We're excited to welcome the Depop team to eBay, and look forward to building on what makes them unique - their brand, culture and community - to deliver compelling benefits to buyers and sellers." eBay intends to fund the transaction with cash on hand. Etsy plans to utilize the proceeds for general corporate purposes, continued share repurchases and investment in its core marketplace. The transaction, which has been unanimously approved by eBay's and Etsy's Board of Directors, is currently expected to close in the second quarter of 2026, subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. Following the closing of the transaction, Depop is expected to retain its name, brand, platform, and complementary culture.

Notable companies reporting before tomorrow's open, with earnings consensus, include Walmart (WMT), consensus 73c... Deere (DE), consensus $2.06... Quanta Services (PWR), consensus $3.02... Wayfair (W), consensus 69c... Etsy (ETSY), consensus $1.36... Yeti (YETI), consensus 88c... Six Flags (FUN), consensus (19c).