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Investors cautious after recent volatility

The markets opened lower with the Dow losing 20 points to 24,892 as investors remained cautious after the recent market volatility. Nasdaq fell 29 points to 7086.


On the upside


Snap (NYSE: SNAP) impressed with sharply higher fourth quarter revenue that beat expectations as daily active users rose.


Wynn Resorts (Nasdaq: WYNN) chief executive Steve Wynn resigned amidst allegations of sexual misconduct.


Match Group (Nasdaq: MTCH) reported higher fourth quarter revenue as average paid subscribers surged.

On the downside


Chipotle Mexican Grill (NYSE: CMG) reported higher fourth quarter earnings and revenue but same store sales barely edged up prompting downgrades.


Manhattan Associates (Nasdaq: MANH) reported lower fourth quarter earnings and revenue.


Microchip Technology (Nasdaq: MCHP) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 lost 5 points to 2,690. Bitcoin soared $611 to $8,269.


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