Snap Inc is trading 5% down at $5.76 as stronger-than-expected U.S. jobs data triggers a rotation out of growth and technology names.
- The stock is sliding alongside a sharp sell-off in the Nasdaq and broader risk assets.
- Macro-driven pressure is weighing on rate-sensitive technology shares following the employment report.
- No new company-specific headlines have emerged, indicating the move is driven by broader market sentiment.