Midday Report: Snap Sees Biggest Drop Since May; U.S. Stocks Stage Slight Recovery

Wall Street rose for its first day in four in a slight recovery from sharp losses. Markets have been under pressure on worries after President Trump drew a red line in the sand with North Korea, promising retribution should they issue more threats. Snap Inc. (SNAP) - Get Report tumbled in its third worst day of trading since going public at the beginning of March. A deeper quarterly loss and weaker user numbers over its second quarter triggered the selloff. A record second-quarter earnings and revenue from Nvidia Corp. (NVDA) - Get Report were not enough to support gains. The chipmaker reported above-consensus earnings, its eight quarterly profit beat in a row. Sales rose 56%. Blue Apron Holdings Inc. (APRN) - Get Report declined for a second day in a row after SunTrust analysts downgraded their rating to HOLD from BUY. The meal-kit delivery service tumbled a day earlier after reporting a steep loss in its first earnings report since going public in June.