FSR - Hot Stocks: SNAP sparks digital ad slide; ANF drops on earnings; CRMT rises; FSR falls 13%; ED sets high

May, 24 2022 05:55 PM Fisker Inc Com Cl A

As Wall Street struggled for direction after a rebound the previous day, the major U.S. equity averages finished mixed on Tuesday. A late rebound allowed the Dow to finish higher, while the Nasdaq posted a decline of 2.4%. The slide among tech stocks was encouraged by warning from Snap (NYSE:SNAP), which sparked a sector-wide retreat in the digital advertising space. Meta Platforms (FB), Pinterest (PINS), The Trade Desk (TTD) and Roku (ROKU) all showed notable losses as well. Fisker (FSR) represented another standout decliner. Shares of the EV maker staged a double-digit percentage retreat on news of a planned equity-sale program. Meanwhile, Abercrombie & Fitch (ANF) tumbled almost 30%, becoming the latest casualty from the retail sector. The drop followed the release of a surprise quarterly loss. Looking at some of the day's biggest gainers, America's Car-Mart (CRMT) climbed on earnings news. Meanwhile, Consolidated Edison (ED) added to recent gains

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Hot Stocks: SNAP sparks digital ad slide; ANF drops on earnings; CRMT rises; FSR falls 13%; ED sets high

Company Name:	Fisker Inc Com Cl A
Stock Symbol:	FSR
Market:	NYSE

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