October 1, 2022

Cmocheat Sheets

Technology application website

Stocks Lower, Snap, Twitter, Mattel and Seagate- 5 Things To Know

6 min read

Here are five things you must know for Friday, July 22:

1. — Stock Futures  Steady Amid Renewed Recession Risk

U.S. equity futures pointed to a muted open on Wall Street Friday as investors picked through a disappointing quarterly earnings report from message app maker Snap Inc., its ripple-effect on social media stocks and the ongoing uncertainty linked to global economic growth.

Snap, which makes the popular Snapchat messaging app, posted its slowest revenue growth rate on record late Thursday and cautioned that companies are pulling back sharply on ad spending amid the global slowdown. 

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