Stock Market Roundup, May 11: M & SNAP Crash After Earnings

Ryan McQueeney

Updated Thu, May 11, 2017, 5:04 PM

An afternoon rebound was not enough to lift stocks out of the red on Thursday, and retail stocks across the board were dragged down following the latest round of weak earnings reports. Speaking of earnings reports, investors were also buzzing after Snap Inc.’s first ever report failed to impress and sent shares crashing.

Zacks Rank #1 (Strong Buy) Top Movers

Value: Golden Star Resources GSS - +4.88%

Growth: China Lodging Group HTHT - +7.26%

Momentum: Vedanta Resources VDNRF - +4.36%

VGM: VDNRF

Income: Paddy Power Bet PDYPY - +4.23%

Major Indexes

DOW: 20,914.08 / -29.03 / -0.14%

NASDAQ: 6,115.11 / -14.03 / -0.23%

S&P 500: 2,393.78 / -5.85 / -0.24%

Top Headlines

As Macy's Stumbles After Earnings, It's Bringing Other Retailers Down With It

On Thursday, shares of department store giant Macy’s Inc. (M) are tumbling, down over 13% in mid-morning trading after the retailer reported weak first quarter financial results before the bell, missing analyst estimates on both the top and bottom lines.

Was Snap's First Earnings Report Worse Than That Of Facebook and Twitter?

Shares of Snap Inc. SNAP opened more than 21% lower on Thursday after the app maker’s first earnings report as a publicly-traded company failed to impress investors. But was the report even worse than the first reports from Facebook FB and Twitter TWTR?

Bull of the Day: Stanley Black & Decker

Stanley Black & Decker SWK recently beat and raised full year earnings guidance as first quarter business was robust. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in 2017.

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More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Stock Market Roundup, May 11: M & SNAP Crash After Earnings

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