From Barchart: 2025-05-02 16:32:00

Snapchat’s stock surged 8.1% following positive labor market data showing a rise in non-farm payrolls. The stable labor market could boost consumer spending and ease recession fears. Additionally, reports suggest China may resume trade talks with the U.S., potentially calming market tensions. Snap’s shares closed at $8.45, up 8% from the previous day. The market views this news as meaningful but not game-changing for the business. Snap is down 25.1% since the start of the year and trading 50.9% below its 52-week high. Investors who bought 5 years ago have seen a significant decline in their investment.



Read more at Barchart: Snap (SNAP) Shares Skyrocket, What You Need To Know