Dow Jones and S&P Indexes look lower at Tuesday’s opening after a long Memorial Day weekend. Oil prices, and Interest Rates, to Jump as European countries agree to limit Russian Oil imports. China’s manufacturing index showed a slower decline in May as their Central Bank announced a slew of economic incentives to revive their slowing…… Continue reading The Week Ahead
Tag: Economic Outlook
SNAP Stock Leads Market Down
Shares of SNAP ($22) fell sharply Tuesday after slashing forward looking earnings outlook, citing deteriorating microeconomic climate. Selling spilled over to related stocks, like FB, ROKY and TTD which also depend on online advertising revenue. These concerns could also hurt TWTR ($36) the object of Elon Musk’s leveraged takeover bid at $54.20/share. With the stock…… Continue reading SNAP Stock Leads Market Down