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Stocks closed lower on Friday, after the S&P 500 index briefly broke above 4,000 for the first time since June 9, with shares of technology companies tumbling after Snap’s results

Snap’s results weigh down on Wall Street stocks

US stocks ended lower on Friday after disappointing results from Snap Inc. (NASDAQ: SNAP) led to a fall in social media stocks

By Yashasvini Razdan
Published - Jul 23, 2022, 12:52 AM ET
Last Updated - Mar 12, 2024, 11:32 AM EDT

US stocks ended lower on Friday after disappointing results from Snap Inc. (NASDAQ: SNAP) led to a fall in social media stocks.

The Dow Jones Industrial Average lost 137.61 points, or 0.4%, to end at 31,899.29. The S&P 500 slipped 37.32 points, or 1%, to close at 3,961.63. The Nasdaq Composite dropped 225.50 points, or 1.9%, finishing at 11,834.11.

The S&P 500 advanced about 2.6% for the week, while Nasdaq capped the week up 3.3%.

Stocks closed lower on Friday, after the S&P 500 index briefly broke above 4,000 for the first time since June 9, with shares of technology companies tumbling after Snap’s results.

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