U S stock futures wilt after Snap warning continued bond yield rise Article_Normal - Article_Normal HEAD TOPICS

U S stock futures wilt after Snap warning continued bond yield rise

10/21/2022 12:23:00 PM

U S stock futures wilt after Snap warning continued bond yield rise

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U S stock futures wilt after Snap warning continued bond yield rise U.S. stock futures fell on Friday, with a warning from social-media service Snap setting a negative tone as bond yields continued to rise. What’s driving markets The... What’s happening On Thursday, the Dow Jones Industrial Average DJIA fell 90 points, or 0.3%, to 30334, the S&P 500 SPX declined 29 points, or 0.8%, to 3666, and the Nasdaq Composite COMP dropped 66 points, or 0.61%, to 10615. What’s driving markets The social media service Snap SNAP said it’s expecting flat revenue growth for the fourth quarter, even though the quarter so far has seen 9% growth. Snap shares skidded 26% in premarket trade. A report that the U.S. could subject Elon Musk’s pending acquisition for Twitter TWTR to a national security review sent Twitter shares down 9%. Read more:
MarketWatch » Snap Stock Plunges As Sales, Outlook Disappoint Snap stock plummets more than 25% as online advertising continues to struggle Snap stock plunges amid record slow revenue growth Snap Crackled, Now It Stopped

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Candidate for U.S. Representative in New York, Tina Forte calls out opponent Alexandria Ocasio-Cortez for her refusal to debate, her radical leftist policies... Read more >> Snap Stock Plunges As Sales, Outlook DisappointSnap kicked off earnings season for social media and tech companies today on a sour note with solid user numbers but lower than expected revenue and a dim fourth-quarter outlook with sales expected to be flat. Shares are down nearly 25% Snap stock plummets more than 25% as online advertising continues to struggleSnap’s shares worsened as the stock plummeted more than 20% in after-hours trading. Snap reported revenue growth of less than 6%, and said sales are growing only 9% so far in the 4th quarter while declining to provide full holiday-season forecast. No one uses Snap they should just sell themselves. Why does it make me happy whenever a social media company drops... Snap stock plunges amid record slow revenue growthShares in Snap Inc. plummeted more than 20% Thursday after the camera app reported its slowest-ever quarter for revenue growth since going public in 2017. Snap Crackled, Now It StoppedHeard on the Street: Amid a challenging macroeconomic backdrop, Snap is cheap but clearly not cheap enough Snap investors, do you still trust Evan Spiegel?OPINION: As Snap stock heads toward its lowest prices since March 2020, the question is even more important, and answering “yes” should be even harder, writes columnist tpoletti. Current Cold Snap Is Gradually Fading Away - Alabama NewsOur winter-like cold is gradually fading but we do have one more night of it to get through. Clear skies and a calm wind will allow temps to fall into the mid to upper 30s overnight. That’s not as cold as we have been but still well below average for this time of the year. Patchy frost is likely to... What’s happening On Thursday, the Dow Jones Industrial Average DJIA fell 90 points, or 0.Snap kicked off earnings season for social media and tech companies today on a sour note with solid user numbers but lower than expected revenue and a dime outlook for the fourth-quarter where sales are expected to be flat.A bruising year for Snap Inc.The company's share price had already declined more than 75% this year going into earnings. 3%, to 30334, the S&P 500 SPX declined 29 points, or 0.8%, to 3666, and the Nasdaq Composite COMP dropped 66 points, or 0. Snap is seen as a bellwether for digital advertising ahead of numbers coming next week from Facebook parent Meta, Google parent Alphabet, Amazon, Twitter and others.61%, to 10615.64% executives revealed that revenue increased less than 6% year-over-year in the quarter — its slowest quarterly grow ever recorded — and said that the holiday season is shaping up similarly, with sales increasing 9% so far in the quarter. What’s driving markets The. Related Story TikTok Confident Is On Path "To Fully Satisfy All Reasonable U.. Why it's happening : Snap says it saw a pullback in the third quarter on spending in brand ads, or ads that tout a company's reputation rather than trying to sell a product directly. . National Security Concerns" Snap’s daily active users, or DAUs, hit 363 million, an increase of 19% form the year before and above the 358+ million anticipated. “We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs of capital. What’s happening On Thursday, the Dow Jones Industrial Average DJIA fell 90 points, or 0.3%, to 30334, the S&P 500 SPX declined 29 points, or 0. Revenue up 6% at $1.8%, to 3666, and the Nasdaq Composite COMP dropped 66 points, or 0. In a news release, executives said that the move was meant “to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture.61%, to 10615. The one-time charge was due in large part to layoffs announced in August. It also lost much more money last quarter ($359 million) compared to the third quarter of the previous year ($72 million). What’s driving markets The social media service Snap SNAP said it’s expecting flat revenue growth for the fourth quarter, even though the quarter so far has seen 9% growth. Snap shares skidded 26% in premarket trade.” “We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs of capital,” he said.34% GOOG, +0. A report that the U.S. It had signaled plans to slow hiring and spending after a tough second-quarter report in July when it stopped providing financial guidance because “forward looking visibility remains incredibly challenging. could subject Elon Musk’s pending acquisition for Twitter TWTR to a national security review sent Twitter shares down 9%.28%, Twitter Inc. The first full week of earnings has seen companies report profits falling, though not substantially. 2021 high. The 88 members of the S&P 500 so far have reported a 2.6% decline in earnings, but three-quarters of those companies have topped analyst expectations, according to data from Refinitiv. PINS, -0. The yield on the benchmark 10-year Treasury TMUBMUSD10Y continued to climb, rising 5 basis points to 4.28%. The yield had climbed 23 basis points the previous two days on concerns about how high the Federal Reserve will have to take interest rates to calm inflation. TTD, +2. The U.K. political situation also will be in the spotlight. At the same time, intensifying competition from the likes of TikTok and others has deepened headwinds. Ahead of next week’s Conservative Party election, there’s the possibility that former Prime Minister Boris Johnson may return, though betting markets put former Chancellor Rishi Sunak as the favorite. The U.K. Snap reported a third-quarter net loss of $359. also recorded a sharper-than-forecast 1.4% drop in retail sales in September, which in part was weighed by the state funeral for Queen Elizabeth II. . Snap’s sales increased less than 6% to $1.