Snap, VMware, Macy’s: Stocks That Defined the Week

Snap Inc.

Snap spooked tech investors with Monday’s warning. The Snapchat maker said its second-quarter revenue and adjusted pre-tax earnings will be lower than expected, as the social media company feels the sting of disruption in the digital advertising market. Worries about the slowdown in online advertising have spread to other tech stocks, weighing on shares of Meta Platforms Inc. and Alphabet Inc., Snap shares fell 43% Tuesday.

https://www.wsj.com/articles/snap-vmware-macys-stocks-that-defined-the-week-11653691256?mod=rss_markets_main Snap, VMware, Macy’s: Stocks That Defined the Week

Edmund DeMarche

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