Nasdaq falls 2% as Snap warning hits tech; Dow reverses higher; European stocks close lower amid fears of a recession; Stoxx 600 down 1.1% 
The Nasdaq Composite fell 2.4% during regular trading while the S&P 500 slid 0.8%. The Dow rose by 0.2% in a late-day reversal, despite falling as much as 1.6% earlier in the session. 
The losses in the Nasdaq came after a warning from Snap spooked the digital advertising industry, which dinged social media stocks including Facebook parent Meta, Twitter, and Google parent Alphabet. Snap’s stock price tumbled 43% during the regular session after the company said it will miss its own earnings and revenue targets. 
Dick’s Sporting Goods is expected to report earnings Wednesday before the bell. Snowflake and Nvidia are set to post quarterly reports after the bell. 

European shares, which had closed higher on Monday, retreated from those gains amid warnings about a possible recession. On Monday, Swedish buy now, pay later firm Klarna said it plans to let go about 10% of its employees, blaming the economic fallout from the war in Ukraine. 
Source: CNBC, Investing.com