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STOCK MARKET NEWS: Snap drops, Futures lower, Gas trend continues

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Stock futures give back gains and Snap shares fall on results. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

U.S. equity futures traded lower Friday morning, following a three-day rally. The major futures indexes suggest a decline of 0.3% when the final trading day of the week gets underway on Wall Street.fell to their lowest level in over two weeks on Friday as worries mount about economic growth. The 10-year Treasury yield fell to as low as 2.82%.

Snap shares hares are plunging 28% in premarket trading after the company posted its weakest-ever quarterly sales growth as a public company. The parent company of Snapchat reported revenue of $1.11 billion and posted a $422 million net loss for the second quarter.are also down. Meta Platforms down 4%, Alphabet off 2% and Twitter down 2%.

Wrapping up the week will be results from American Express, Twitter, Cleveland-Cliffs, HCA Healthcare, NextEra Energy, Regions Financial, Roper Technologies, Schlumberger and Verizon before the market open.

 

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