Snap (NYSE: SNAP) stock rose 5.8% and Meta Platforms (NASDAQ: META) stock rose 1.39% on reports the Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. Virgin Orbit (NASDAQ: VORB) stock fell 38.6% after the satellite launch company was forced to pause operations as it searched for potential funding after a cash crunch.

Adobe (NASDAQ: ADBE) stock rose 5.5% after the software company lifted its annual guidance after reporting better-than-expected fiscal first quarter results, driven by growth in its core digital media business.Ĭredit Suisse (NYSE: CS) stock rose 5.6% after the troubled lender received a SWF 50 billion support line from the Swiss National Bank (TADAWUL:1180), with the central bank adding that the Zurich-based bank met all the standards for liquidity and capital that apply to systemically crucial banks.įirst Republic (NYSE: FRC) stock fell 26.1%, PacWest Bancorp (NASDAQ: PACW) stock fell 15.8%, and Zions Bancorporation (NASDAQ: ZION) stock fell 3.3%, as worries continue to beset the smaller regional U.S.

Snap stock