Market Snapshot: Dow falls 150 points, stocks pull back ahead of next week’s earnings blitz by tech giants

by | Jul 22, 2022 | Stock Market

U.S. stocks retreat Friday following their biggest rally in a month, after Snap Inc.
delivered disappointing earnings ahead of next week’s deluge of quarterly results from technology giants. Earnings have been a major focus among investors concerned about a slowing U.S. economy, with the Federal Reserve next week likely to fire off another big interest-rate increase to fight inflation.

Read: Snap’s ‘grim outlook’ sends stock on near-40% skid, slaps other social namesHow are stocks trading …

Article Attribution | Read More at Article Source

Share This