Stock Market Today: Snap Stock Soars in a Quiet Day for Markets

The major benchmarks made modest moves today, though social media stock Snap soared on TikTok buzz.

smartphone with social media apps showing
(Image credit: Getty Images)

Stocks closed mostly higher Monday, with two of the three major benchmarks building on Friday's positive momentum. 

Amid a relatively bare economic and earnings calendar, investors took in a deluge of single-stock news, including reports of a potential nationwide TikTok ban – which sent Snap (SNAP) stock soaring. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.