Why Snap Snapped Back While Ford Stalled Out
The stock market had a tough day on Thursday, and market participants seemed to want to find some level ground amid the persistent volatility they've experienced in recent months. As of 8:15 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 84 points to 34,887. However, S&P 500 (SNPINDEX: ^GSPC) futures were up 8 points to 4,477, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had picked up 125 points to 14,617.
Investors continued to scrutinize the latest financial reports from some top companies. Social media icon Snap (NYSE: SNAP) managed to post a huge gain as it avoided the stigma that rival Meta Platforms had suffered the day before. However, Ford Motor Company (NYSE: F) wasn't as fortunate, as the automaker continues to face operational challenges that are limiting its ability to take advantage of high demand.
Shares of Snap rebounded strongly from big losses on Thursday. After declining 24% due to concerns about Meta's performance, the Snapchat parent's stock soared more than 40% in premarket trading on Friday morning.
Source Fool.com
