Unpacking TWTR's Plummet

The S&P 500 and Nasdaq are also swimming in red ink

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Schaeffer's Midday Market Check
4/30/2021
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Dow Extends Morning Slump, Heads for Weekly Losses


By: Jake Scott

Stocks are lower at midday, brushing off another round of upbeat earnings reports, most notably from e-commerce titan Amazon.com (AMZN). Extending this morning's losses, the Dow Jones Industrial Average (DJI) was last seen down 246 points, and remains on its way to a losing week. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are swimming in red ink as well, though both benchmarks are on track for modest weekly wins. 

Continue reading for more on today's market, including:

  • Chip name tumbles despite sunny quarterly results.
  • TWTR draws out bear notes amid growth concerns.
  • Plus, options bears eye Colgate-Palmolive stock; ISNS soars after board update; and Reddit darling plummets on earnings miss.
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In Case You Missed It...


L.O.C.K. System Predicts Crash Before May


Joel Litman's L.O.C.K. system has a history of spotting winners and losers - long before the mainstream media. Like when it predicted the rise of AMD, RingCentral and Square. Or when it spotted the March 2020 crash - a month early. Now it says a massive market shift could be coming - as soon as May. And most Americans are woefully unprepared.

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