Investing.com - U.S. stocks were lower Thursday as (NYSE:Snap) floored by earnings.
The DJI was off 0.56% at 10:30 ET. The S&P 500 shed 0.58%.
The tech-heavy Nasdaq composite gave up 0.69%.
The dollar was flat after giving up gains on some upbeat U.S. data.
Initial jobless claims and PPI data beat estimates.
The odds of a Fed rate hike in June stand at over 80%.
Oil pared strong gains on profit-taking after big drop in EIA inventories.
Snap was down 21.15% at $18.12 as first quarter daily user and revenue numbers missed estimates.
(NYSE:Macy's) was off 13.38% at $25.41 after a disappointing earnings report.