The market rally hit key resistance and reversed lower as Treasury yields soared to new 14-year highs. Tesla sold off on mixed results and messages. Snap dived late. Read More...
Motley Fool
These 2 Stocks Are Getting Crushed Late Thursday
Early on, it looked as though the stock market might have a solid day on Thursday, with the Dow Jones Industrial Average (DJINDICES: ^DJI), Nasdaq Composite (NASDAQINDEX: ^IXIC), and S&P 500 (SNPINDEX: ^GSPC) all posting sizable advances. Both Snap (NYSE: SNAP) and SVB Financial (NASDAQ: SIVB) have substantial followings in the investing community, but both saw their shares decline sharply after they announced their latest quarterly results. Shares of Snap fell by more than 25% in after-hours trading late Thursday, dropping to multiyear lows following a disappointing third-quarter report.
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