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Nasdaq dragged down by Snap as stocks open mostly higher

43780 nasdaq dragged down by snap as stocks open mostly higher

Stocks opened mostly higher Friday, but saw the Nasdaq Composite dragged down by a plunge for shares of social-media platform Snap Inc. The Dow Jones Industrial Average DJIA, +0.33% rose 124 points, or 0.4%, to 32,160, while the S&P 500 SPX, +0.09% traded near unchanged after opening with a small gain. The Nasdaq Composite COMP, -0.41% shed 0.4%, while Snap shares dropped 34% in early activity, dragged down after the company reported disappointing results after Thursday’s closing bell.

Source: Marketwatch

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