The Nasdaq's impressive multi-day winning streak came to a screeching halt on Friday as a negative earnings reaction for social media stock Snap (SNAP, -39.1%) weighed on the broader tech sector.
U.S. stocks ended lower on Friday as shares in social media and ad tech firms lost ground in the wake of earnings from Snap, offsetting gains from card issuer American Express following an upbeat forecast.
Snap shares took a big hit after coming out with quarterly numbers that many in the market see as offering clues to the outlook for digital advertising spending in the current uncertain macroeconomic environment.
It’s been a stellar week in the market. The S&P 500 is on track to record its third weekly close in the green out of the last six, undoubtedly a development that investors can celebrate amid a brutal first half.
Major U.S. indexes dipped on Friday as shares in social media and ad tech firms decline following weak earnings from Twitter and Snap, offsetting gains from card issuer American Express following an upbeat forecast.
U.S. stock indexes fell on Friday after dismal quarterly revenue from Twitter and Snap triggered declines in social media and ad tech firms, countering gains in American Express following an upbeat forecast.
Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the February 2023 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 210 days until expiration the newly available contr
Shares of social media firms fell sharply on Friday after Twitter Inc and Snapchat's owner signaled advertisers had tightened their purse strings in response to a darkening economic outlook.
The S&P 500 and the Nasdaq fell on Friday as social media and ad tech firms led declines after dismal quarterly revenue from Twitter and Snap, while an upbeat forecast from American Express kept the Dow afloat.
Shares of social media firms fell sharply on Friday as Twitter Inc joined the Snapchat owner in signaling a cutback in digital ad spend as economic growth sputters.
What happened
Shares of SoFi Technologies (NASDAQ: SOFI), Upstart (NASDAQ: UPST), and Affirm Holdings (NASDAQ: AFRM) rose double-digits this week, up 11.9%, 10.6%, and 29%, respectively, as of the end of Thursday's trading.
U.S. stocks closed sharply higher on Thursday, driven by a rally in tech stocks and a fresh batch of impressive earnings results that offset weak economic data. All the three benchmark indexes hit their highest levels in six weeks to end in positive territory.
The S&P 500 and the Nasdaq headed for a lower open on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express looked set to boost the Dow.
Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Qualcomm Incorporated QCOM is set to report third-quarter fiscal 2022 results on Jul 27, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 10.3%. It pulled off a trailing four-quarter earnings surprise of 11.4%, on average
Twitter Inc on Friday blamed uncertainties related to its $44 billion acquisition by Elon Musk and a weakening digital ad market for a surprise fall in quarterly revenue.
Twitter Inc on Friday posted a surprise fall in revenue amid fierce competition from Apple and TikTok in a weakening advertising market, as the company wages a legal battle with Elon Musk over his $44 billion buyout deal.
Watching the best investors provides terrific insight. Purchases and sales of stocks made by active institutional investors reveal how they see the market and the economy. However, it's important to remember that these investors have different goals, time frames, and resources th
Checked
26 minutes 11 seconds ago
This feed is responsible for generating the rss feed related to the topic aapl