Stock Market needs only one negative clue to shed all its positivity.

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Market started downtrend again on Tuesday.

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It did not think twice to shed the Monday Rally.

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The growth and inflation concern pulled down the NYSE.

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Most of the US Stocks went into red zone on Tuesday.

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Popular messaging app Snapchat’s CEO Evan Spiegel, warned its employees about cost cutting and freezing the future hiring.

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This shocking decision came due to miscalculations in revenue of the company.

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Now they will be hiring maximum 500 people.

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Last year Snap hired 2000 people.

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Meta and Twitter have also made the same announcement about the future hiring.

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The main reason for such decisions is sharp rise in inflation.

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Snap shares were trading 32% lower.

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Meta shares were 9% down.

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