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U.S. stocks were mixed, with the Dow Jones index falling over 150 points on Wednesday.
Shares of Snap Inc (NYSE:SNAP) rose sharply during Wednesday’s session.
Snap said it will cut about 1,000 jobs, or roughly 16% of its workforce, as part of a broader restructuring aimed at reducing costs and improving profitability amid slowing growth and rising competitive pressure.
Snap said it will hold its quarterly conference call to discuss first quarter financial results on Wednesday, May 6.
Snap shares jumped 6.2% to $5.96 on Wednesday.
Here are some other big stocks recording gains in today’s session.
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