Futures fall as Snap forecast drags tech lower
newscatcher
2022-05-24 13:30
Futures fall as Snap forecast drags tech lower
Stocks and futures declined on Tuesday after a profit warning from Snap Inc. weighed on technology shares and fueled concerns about risks to economic growth.   The Snapchat owner plunged more than 30 per cent in premarket trading, while Meta Platforms Inc. and other companies that rely on digital advertising also tumbled. Nasdaq 100 contracts followed European and Chinese tech stocks lower.  S&P 500 futures fell, just as the benchmark was starting to pull back from the brink of a bear market amid fears the Federal Reserve's tightening could hurt growth.

http://www.bnnbloomberg.ca/asia-stocks-to-get-boost-from-us-china-tax-plans-markets-wrap-1.1769655

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