US stocks hit another all-time high, but not everyone making gains

22 Oct 2021

📈 SPX | 4,550 (+14, +0.3%)
📉 DJIA | 35,603 (-6, 0.0%)
📈 CCMP | 15,216 (+94, +0.6%)

🌊 The S&P500 made gains for a 7th straight session, its longest streak since July. Accordingly, the CBOE Volatility Index (VIX) has fallen to its lowest level since before the pandemic.

📉 Snap Inc (-21.5% after hours) fell massively after missing estimates and reporting that Apple’s new restrictions on data collection would likely continue to weigh on the company’s digital advertising revenue. Facebook (-4.4%) and Alphabet (-2.3%) also fell on the news.

💻 Intel Inc (-8.8%) fell massively after hours thanks to a major sales miss, and an outlook stating that the company will likely suffer from low profitability in the coming years due to increased spending on manufacturing technology.