Is SNAP Stock A Buy Now?

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As Wall Street struggled for direction after a rebound the previous day, the major U.S. equity averages finished mixed on Tuesday. A late rebound allowed the Dow to finish higher, while the Nasdaq posted a decline of 2.4%.

The slide among tech stocks was encouraged by warning from Snap (NYSE:SNAP), which sparked a sector-wide retreat in the digital advertising space. Meta Platforms (FB), Pinterest (PINS), The Trade Desk (TTD) and Roku (ROKU) all showed notable losses as well.

Fisker (FSR) represented another standout decliner. Shares of the EV maker staged a double-digit percentage retreat on news of a planned equity-sale program.

Meanwhile, Abercrombie & Fitch (ANF) tumbled almost 30%, becoming the latest casualty from the retail sector. The drop followed the release of a surprise quarterly loss.

Looking at some of the day's biggest gainers, America's Car-Mart (CRMT) climbed on earnings news. Meanwhile, Consolidated Ed

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🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
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