Market Sell-Off: Time to Buy Snap Stock?
Many stocks have slipped in September. The S&P 500 has slid a total of 3.8% and the Nasdaq Composite has now fallen 5%, thanks to a rough day for the markets on Tuesday.
Some investors were spooked this week as the 10-year U.S. Treasury yield rose to as high as 1.558% yesterday, sparking a steep decline in stocks on Tuesday. Investors likely fear that higher bond yields may pull some money from stocks over to safer bond assets, weighing on stock prices in the near term.
Opportunist investors with a long-term investment horizon, however, can use market declines like these to add to their holdings, buying shares of great companies at lower prices. One fast-growing tech stock worth considering during this market sell-off is Snap (NYSE: SNAP). Shares of Snap tumbled 7% on Tuesday.
Source Fool.com
