Tool demand is decreasing, Snap-On quarterly sales did not meet expectations.

Snap-On reported lower-than-expected sales for the third quarter on Thursday, due to inflationary pressures affecting demand in the tools sector. Rising borrowing costs and tool price increases - tools being one of the company's largest sources of revenue - have resulted in customer purchase limitations. Sales in Snap-On's tools division declined by around 3%, falling to 0.5005 billion USD, marking the third consecutive quarter of reported sales declines for this division. According to data compiled by LSEG, total sales decreased by 1.1% compared to the same period last year, to approximately 1.15 billion USD, slightly below the average analyst expectations.

Global market report.Oct 17 07:43 ET

TD Cowen Maintains Snap Inc(SNAP.US) With Hold Rating, Cuts Target Price to $11

Moomoo NewsOct 17 02:31 ET · Ratings

Investors Should Add to Small- and Mid-cap Stocks Because of Valuations, Fed's Outlook – Analyst

Seeking AlphaOct 16 11:52 ET

Snap (SNAP) Stock Moves -0.09%: What You Should Know

Yahoo FinanceOct 15 18:15 ET

Trump or Harris? Analysts are hotly debating the impact of the election results on various sectors of the US stock market.

①Over the past 8 years, the Trump administration and the Biden-Harris administration have fully demonstrated their policy orientations; ②Overall, industries such as finance and technology that are under the focus of regulation by the Biden administration are more likely to benefit from the rollback policies of the Trump administration, while the bullish impact on other industries is relatively less pronounced.

cls.cnOct 14 23:40 ET

Snap Inc Options Spot-On: On October 14th, 59,679 Contracts Were Traded, With 1.29 Million Open Interest

Moomoo NewsOct 14 16:30 ET