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Why Snap Snapped but Albemarle Powered Higher Tuesday

·3 min read
Why Snap Snapped but Albemarle Powered Higher Tuesday
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Investors remain concerned about the lack of consistency from companies reporting their latest financial results, as well as ongoing macroeconomic and geopolitical worries more broadly. Snap (NYSE: SNAP) suffered a big decline as shareholders weren't pleased with the social media company's latest warning, but Albemarle (NYSE: ALB) said good things about the state of its business that made its investors even more optimistic about its future. Shares of Snap dropped nearly 30% in premarket trading on Tuesday morning.