Chewy and Carvana are leading the day to rebuild the Internet retail sector

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Internet retailers kicked off in earnings week with hopes that energy prices will fall even more than their recent highs and consumer spending could be held back even as talk of a recession rises.

Chewing (NYSE:CHWY) led the way with a 9.44% profit at the beginning of trading on Tuesday. The upgrade from CHWY’s Wedbush Securities to Neutral’s Outperform rating provided an additional boost.

Other e-commerce winners include Carvana (CVNA) + 8.94%Global-E Online (GLBE) + 7.57%Poshmark (POSH) + 5.55%Blue apron (APRN) + 5.02%MercadoLibre (millet) + 5.00%Farfetch (COM)FTCH) + 4.25%and Coupang (CPNG) + 4.00%.

Amazon (AMZN) also outperforms the broad market with an 3.62% early rise.

Read the wide stock market update.

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