Social Media Earnings

Key market developments include the Supreme Court hearing challenges to Trump’s tariffs, a shareholder vote on Elon Musk’s compensation package, and an FAA-mandated flight capacity reduction due to the government shutdown. Social media stocks show divergent performances with Snap soaring and Pinterest plummeting after earnings reports. Warner Bros. Discovery faces strategic decisions amid disappointing results, with a potential acquisition offer on the table. Finally, tariffs are impacting retailers unevenly, with prices on Amazon rising faster than competitors.