U.S. Stocks Open Lower on Tuesday; Snap Shares Plunge 35%

Tiger Newspress2022-05-24

Stocks fell early Tuesday morning as the markets struggled to sustain a comeback rally following weeks of losses.

The Dow Jones Industrial Average fell 140 points, or 0.4%. The S&P 500 dipped 1%, and the Nasdaq Composite dropped 1.9%.

Snap shares plummeted more than 35% after the company said it's bracing to miss earnings and revenue targets in the current quarter and warned of a hiring slowdown. Shares of Meta Platforms followed Snap lower, falling 6%, while Pinterest lost 17%.

Shares of major tech companies reliant on advertising spend followed Snap lower. Alphabet slid 4%. Amazon fell 2% and Apple and Netflix were each down more than 1%.

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Comments

  • BettyT
    2022-05-25
    BettyT
    Most of the days are dipping. 
  • 来人
    2022-05-24
    来人
    Oh no..... 
  • kino318
    2022-05-24
    kino318
    Like pls
  • Manjab
    2022-05-24
    Manjab
    The sky is falling 
  • Swordmerlin
    2022-05-24
    Swordmerlin
    Ok
  • 苗派
    2022-05-24
    苗派
    Look for this sign "EXIT" 
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