Stock Market Today: Snap Climbs on Product Buzz and Social-Media Tailwinds
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Snap Inc. (SNAP) shares rose 3.8% to $7.74 amid heavy trading, with 147.8 million shares exchanged, significantly above the three-month average. This increase is attributed to positive sector sentiment and product updates, including Snap OS 2.0 enhancements. Major indexes, however, saw slight declines, with the S&P 500 down 0.1% and the Nasdaq Composite down 0.07%. Other social media stocks like Meta and Reddit also experienced gains, reflecting overall market enthusiasm linked to potential Federal Reserve interest rate cuts.
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