Shares of Snap (NYSE: SNAP) were moving lower today after one analyst lowered their rating on the social media stock. In addition, a weak retail sales report and several rate hikes from central banks this morning and yesterday seem to hint at the risk of a global recession.

As of 9:53 a.m. ET, shares of the Snapchat parent were down 8.2%, while the Nasdaq was off 1.9%.

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Source Fool.com