Why Snap, NCR, and Broadcom Stocks Jumped Today
Shares of several tech stocks have jumped today after the Senate passed a historic $2 trillion stimulus bill to help mitigate some of the economic impacts of the COVID-19 pandemic. The bill will now move to the House, which is expected to vote on Friday, before going to President Trump if passed. Here's how these tech companies are trading as of 12:30 p.m. EDT:
Image source: Getty Images.
Just as Snap was starting to put together a turnaround over the past year, enjoying renewed user growth after releasing a revamped Android version of Snapchat, the coronavirus outbreak has impacted broad swaths of the economy -- including advertising. Larger rivals Twitter and Facebook have acknowledged the adverse impacts that their respective ad businesses are facing amid the crisis as marketers pull back on spending.
Source Fool.com
