7/22, 3:32 PM (Source: TeleTrader)
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Nasdaq falls at the open as Snap, Twitter disappoint

Major US stock markets opened mostly higher Friday amid the release of the latest batch of earnings reports and news on the global economic outlook.

Yesterday, Snap published its second-quarter report with a net loss of $422 million, 178% more than the previous year. Snap's results dragged down other social media and technology stocks in the pre-market session as investors fear they may be affected by slowing online advertising sales. Besides, before the opening, Twitter posted disappointing second-quarter results, missing on earnings, revenue, and user growth.

The Dow Jones gained 0.50% at 9:30 am ET, with American Express rising 5.93%. The Nasdaq 100 fell 0.35%, as Intuitive Surgical decreased by 8.65%, and the S&P 500 was 0.16% up, while HCA added 16.52%. The euro was down by 0.45% against the dollar at 9:28 am ET, selling for $1.01837.

Baha Breaking News (BBN) / JG