Stocks Finish Off Session Lows After Snap Tumbles

Ritika Gupta discusses the day's market movers, highlighting a down day for U.S. stocks with the S&P 500 closing slightly lower and the NASDAQ 100 underperforming due to heavyweights like Tesla and Apple. Snap's significant drop and warning about ad revenues impacted social media stocks, wiping off over $160 billion in market value. Despite investor surprise, social media stocks have been underperforming year-to-date. The discussion also touches on the historical context, comparing current levels to pre-pandemic times and the impact of reopening on advertising revenues.

Which index was the underperformer due to the influence of major companies like Tesla and Apple?

• NASDAQ 100

• S&P 500

• Russell 2000

• Dow Jones Industrial Average

What was the primary reason for Snap's significant stock decline?

• Product recalls

• Warning about future ad revenues

• Regulatory issues

• Increased competition

Which macroeconomic factor was NOT mentioned as affecting Snap's future ad revenues?

• Interest rates

• Inflation

• Profit margins

• Fears of a slowdown

How much market value did social media stocks lose in the session discussed?

• $250 billion

• $100 billion

• $160 billion

• $200 billion

What was the trading level of social media stocks compared to pre-pandemic times?

• Above pre-pandemic levels

• Unchanged from pre-pandemic levels

• Below pre-pandemic levels

• At pre-pandemic levels