Russian internet group VK launched a home-made app store on Wednesday, the latest in a Kremlin-endorsed drive to create a raft of domestic digital services to replace Western rivals.
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The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors' risk appetite.
The stock-market pendulum swung in the other direction again Tuesday, though how exactly it treated investors' individual portfolios was largely contingent on how much technology and tech-esque exposure they had.
The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors' appetite for risk.
Wall Street veered lower on Tuesday as fears over whether attempts to curb decades-high inflation growth could tip the U.S. economy into recession dampened investor risk appetite.
What happened
Snap (NYSE: SNAP) issued a warning after the market close on Monday, suggesting that the economic picture was rapidly declining, sending its stock down as much as 41.7%. As a result, many digital advertisers and social media stocks plunged in unison.
Wall Street's main indexes plunged on Tuesday, with the tech-heavy Nasdaq leading the slump, as economic data and bleak company forecasts added to nerves about slowing growth amid decades-high inflation.
NEW YORK (Reuters Breakingviews) - Snap could be Twitter’s raven. The disappearing-message app its second-quarter forecasts, sending its shares spiraling some 40%. That’s an ominous sign for Twitter. Elon Musk has an additional reason to bail on buying
Snap SNAP issued a reduced profit forecast in lieu of the ongoing economic disruptions, per a Wall Street Journal report.Soon after the announcement, Snap witnessed a fall in its stock prices. The stock declined 28% in the after-hours trading. Shares of Snap have plunged
In early trading on Tuesday, shares of O'Reilly Automotive, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.9%. Year to date, O'Reilly Automotive, has lost about 16.4% of its value.
In early trading on Tuesday, shares of Best Buy topped the list of the day's best performing components of the S&P 500 index, trading up 3.7%. Year to date, Best Buy has lost about 25.9% of its value.
Investors in Meta Platforms Inc (Symbol: FB) saw new options become available this week, for the July 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FB options chain for the new July 1st contracts and identified one put and one cal
After two strong days in the market for the Dow and S&P 500, we’re returning to a bearish stance in Tuesday’s pre-market: the Dow is -172 points at this hour, the S&P is -38 and the tech-heavy Nasdaq is -196 points. A warning from social media firm Snap SNAP has l
Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading the slump, as a weak earnings forecast from Snapchat-owner Snap Inc added to nerves about an inflation-struck economy.