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S&P 500 Hits Record, Approaches 5,000 for First Time in History

U.S. stocks rallied on Wednesday, with the S&P 500 closing at an all-time record high of 4,995. This has put the U.S. benchmark on track to hit the 5,000-point mark for the first time in its history. It was the tech-heavy Nasdaq Composite that was...

Snap Shares Plummet 33% Following Disappointing Earnings

Snap Inc. shares plunged by 33% to $11.72 in after-market trading following the company's disappointing earnings report for the foruth quarter. The software giant generated a revenue of $1.36 billion for the three months ending December 31, missing Wall Street analysts' expectations of a...

Snap Inc. Shares Drop By 20% Amid Weak Q1 Earnings

Snap Inc, the parent company of Snapchat, has reported weak first-quarter earnings that sent its stock spiraling. Snap’s shares plunged by almost 20% percent at one point, marking their biggest drop in six months. Snap struggled to drive up advertisement demand, facing the same problem...

Snap Inc. Shares Down 39% After Second-Quarter Misses

Snap Inc. had a brutal end of the week, seeing its shares dive 39% on Friday. This was a result of disappointing second-quarter earnings that saw the company miss on earnings per share (EPS) and revenue. According to Snap's Q2 report, the social media company...