Nasdaq dragged down by Snap as stocks open mostly higher

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Stocks opened mostly higher Friday, but saw the Nasdaq Composite dragged down by a plunge for shares of social-media platform Snap Inc. The Dow Jones Industrial Average DJIA, +0.06% rose 124 points, or 0.4%, to 32,160, while the S&P 500 SPX, -0.18% traded near unchanged after opening with a small gain. The Nasdaq Composite COMP, -0.67% shed 0.4%, while Snap shares dropped 34% in early activity, dragged down after the company reported disappointing results after Thursday’s closing bell.

This article was originally published by Marketwatch.com. Read the original article here.

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