1. Oh, snap!: Shares in Snap (SNAP) fell as much as 25% in extended trading after the company posted a staggering loss in its debut quarter as a public company.
The parent company of Snapchat suffered a loss of $2.2 billion in the March quarter, while sales totaled only $150 million.
Retailers have been struggling with falling sales, and many have been forced to cut jobs and close stores.
Shares in Macy’s and Kohl’s have lost about one-fifth of their value this year.
Nordstrom (JWN) will report after the closing bell, and it is expected to deliver a more upbeat message. The upscale retailer’s stock has outperformed many of its peers.
3. Laptop ban: Department of Homeland Security officials will speak with airline industry representatives on Thursday about the electronics ban on aircraft as the agency considers an expansion of a security measure, according to DHS…