Illustration by Elias Stein Text size Netflix shares are off 70% this year, due in large part to the streaming-video company’s disastrous first-quarter earnings. Among other things, Netflix lost 200,0...
Tag: SNAP
Durability of U.S. stock- market bounce in question as inflation worries linger ahead of payrolls report
Investors took a breather this week as U.S. stocks bounced back from a weeks long selloff and the latest reading on inflation offered glimmers of optimism to those hoping for a peak in price pressures...
The Stock Market Finally Had a Winning Week. Why It Might Not Last.
Text size Ed Yardeni, founder of Yardeni Research: “We now are raising the odds of a recession from 30% to 40%.” Christopher Goodney/Bloomberg The stock market ended its multiweek losing streak, and l...
Will the Stock Market Recover? 10 Reasons the Rally Might Be Real.
Text size Investors have been fooled before. Why this stock market rally feels like the real thing. Spencer Platt/Getty Images The stock market has been rallying this week. This one, unlike other atte...
Dow Surges Over 500 Points, Market Rebound Continues As Stocks Snap Seven Week Losing Streak
Topline Stocks finished higher on Friday—capping off a solid rally this week that saw markets rebound from more than seven consecutive weeks of losses, as recession fears continued to subside in light...
Stocks rise on slowing inflation report, Dow on pace to snap 8-week losing streak
Stocks were higher Friday as the Dow Jones Industrial Average was on pace to snap an eight-week losing streak. The Dow climbed 248 points, or 0.8%, and the S&P 500 gained 1.5%. The tech-heavy Nasd...
Dow rises for a fifth day, S&P on pace to snap 7-week losing streak
Stocks rose Thursday, putting Wall Street on track to break a long string of weekly declines. The Dow rose for the fifth trading day in a row, adding 516.91 points, or 1.6%, to close at 32,637.19. The...
Snap shows ad market’s nightmare ‘becoming a reality’
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, May 25, 2022 Today’s newsletter i...
Stocks extend losses after Snap outlook spurs sell-off in tech shares
U.S. stocks were mostly lower Tuesday after social media giant Snap Inc. (SNAP) logged its biggest one-day drop on record and dragged down shares of technology peers. The Nasdaq Composite tumbled 2.3%...
Where to buy Snap stock: it has shed 43% today after slashing its quarterly forecast
SNAP stock has shed over 43% over the last 24 hours after the company slashed its quarterly forecast citing the worsening economy. In a US filing, Snap said: Are you looking for fast-news, hot-tips an...
The Snap CEO’s memo caused another tech stock plunge—and the worst one-day loss in company history. Here’s why it freaked everyone out
Tech stocks had another terrible showing on Tuesday, but it wasn’t because of the release of new economic data or a bad earnings report. The dark day was largely the result of a single memo from Snap’...
Snap stock crashes after ‘macroeconomic environment’ warning
Snap’s (SNAP) stock closed 43% lower on Tuesday after slashing its second-quarter profit outlook and giving a warning about the macro environment. Shares of the parent company of social media ap...
Snap Plunges 40%, Slips Below IPO Price on Profit Warning
(Bloomberg) — Snap Inc. plunged as much as 40% Tuesday morning, dipping below its initial public offering price after the social media company cut its revenue and profit forecasts as it grapples...
Snap Snags Growth Stocks While NetEase And Kuaishou Beat Expectations
China Last Night KraneShares Key News Asian equities curbed the enthusiasm we saw in US equities yesterday as only Indonesia managed a positive day. Asian growth stocks were hit hard following Snap’s ...
Stock Market Selloff Resumes As Snap’s 40% Plunge Drags Tech Shares Lower
Topline The stock market fell on Tuesday—reversing a comeback rally a day earlier—as the months-long selloff on Wall Street persists with investors continuing to offload shares amid a gloomy profit ou...
Snap Falls After Cutting Revenue Forecast, Slowing Hiring
(Bloomberg) — Snap Inc. cut its revenue and profit forecasts below the low end of its previous guidance, sending shares plunging as much as 31% and pushing other social media stocks down. Most R...
Snap: profit warning highlights more than macroeconomics
Snap does not have much luck with gadgets. Video recording glasses first sold in 2016 led to a near $40mn loss. The release of Pixy, a little yellow drone, has coincided with a sharp drop in the compa...
Dow Jones Futures Fall, Tech Futures Sell Off As Snap Crashes 30% On Q2 Warning
Dow Jones futures were lower, while tech futures sold off late after Monday’s stock market rebound. Zoom Video (ZM) briefly surged more than 17% after better-than-expected first-quarter earnings...
Snap Stock Dives, Drags Down Peers, On Big Warning Over Economy
Snap (SNAP) late Monday lowered an outlook it initially issued April 21, saying the macroeconomic environment has deteriorated further and faster than anticipated. Snap stock crashed on the news. X &#...
Snap shares just crashed 30%: ‘I don’t want to own Snap here’
Snap Inc (NYSE: SNAP) shares plummeted more than 30% in extended trading on Monday after the social media company lowered its outlook for the current fiscal quarter. Snap blames macro environment In a...
This Rally Could Force the Fed to Raise Rates Higher
The markets make the news, not the other way around, an insight that has been quite humbling to one who has made a living by reporting and analyzing the impact of news on financial markets. Consider t...