Snap Inc is trading 4% down at $5.83 amid broad pressure on growth and tech stocks following a stronger-than-expected U.S. jobs report.
- The robust labor market data is weighing on rate-sensitive names, prompting a rotation out of high-growth technology sectors.
- The decline follows a 5.8% gain in the previous session driven by news of its Illumix AR acquisition, suggesting some investor profit-taking.