1 More Trend Growth Investors Need to Worry About
Investors have heard a lot about how tight the job market is right now. Often, that gets portrayed at the macroeconomic level as a good thing, as it empowers consumers to get better-paying jobs and hopefully boost their income. Indeed, after several days of downward movements, the stock market looked poised for a modest recovery Wednesday morning. Shortly before the market open, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) had clawed back anywhere from 0.25% to 0.75% from recent losses.
The tight job market is also affecting big companies at the executive level. The latest example of this came from Snap (NYSE: SNAP), which saw its stock fall as a competing company in entertainment poached some of its top talent in the advertising space. Read on to learn more about Snap's conundrum as well as why pet-lovers' favorite Chewy (NYSE: CHWY) also saw its share price decline Wednesday morning.
Shares of Snap were down more than 8% in premarket trading Wednesday. The parent company of social media favorite Snapchat fell after reports showed that two well-known executives were leaving the company amid broader layoffs.
Source Fool.com