Snapchat owner Snap was the biggest loser on Wall Street on Thursday after it posted disappointing results for the first three months of the year.
Its shares plunged 20% on slowing user growth and revenue in its first earnings report as a public company.
All three main indexes were also in negative territory, with the Dow Jones down 69.2 points or 0.33% to 20,873.91.
The S&P 500 fell 10.4 points to 2389.23 and the tech-heavy Nasdaq index declined 22.33 points to 6,106.81.
Department store operator Macy’s was another big loser, shedding 11.3% after reporting a much bigger-than-expected drop in quarterly profit and sales.
Shares of rival stores were also dragged down, with JC Penney falling 5.6%.
Source: BBC News