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  • Oh Snap: Social Media Stocks Set To Erase $100 Billion In Market Cap

    Oh Snap: Social Media Stocks Set To Erase $100 Billion In Market Cap

    US equity futures declined Tuesday as Snap Inc.'s profit warning hammered technology shares premarket. 

    As of 0615 ET, Snap shares plunged 29% in premarket trading -- if losses hold up until the cash session, it would mean an $11.4 billion wipeout in market capitalization. Snap's peers, including Facebook-owner Meta Platforms Inc., Google-owner Alphabet Inc., Twitter Inc., and Pinterest Inc. were all considerably...

  • Amazon stock slumps toward a 2-year low, has wiped out $400 billion in market cap since Q1 results

    Shares of Inc. slumped 3.3% in afternoon trading Wednesday, putting them on track to close at a more-than two-year low. The ecommerce and cloud services behemoth's stock, which is headed for the lowest close since April 9, 2020, has now tumbled 27.2% since first-quarter result were reported after the April 28 close, wiping out about $400.05 billion in market capitalization since then. Year to date, Amazon's stock has now plunged 36.9%, while the SPDR Consumer Discretionary Select...

  • The 10 Best Stocks for a Bear Market

    Bear markets are an inevitable if particularly unpleasant part of the market cycle. But investors who hold the best stocks to buy for bear markets can mitigate at least some of the damage.

    No, the S&P 500 isn't in a bear market – a 20% decline from its peak – just yet. It has, however, been flirting with one for some time. The Nasdaq Composite, for its part, fell into a bear market a while ago. 

    Either way, 2022 has been a dismal year for equities with no clear end in sight. Bottoms are hard...