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Snap Inc. (NYSE: SNAP) closed at $7.74 on Tuesday, gaining 3.8%, with 147.8 million shares traded—significantly higher than its three-month average of 54.7 million, indicating increased market interest.
The S&P 500 index dropped 0.1% to 6,606.76, and the Nasdaq Composite fell by 0.07% to 22,333.96, reflecting a slight pullback from record highs.
Improved sector sentiment, Snap’s OS 2.0 updates, and expectations of an upcoming interest rate cut by the Federal Reserve contributed to Snap’s stock rise.
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