Why Snap Snapped but Albemarle Powered Higher Tuesday

Investors remain concerned about the lack of consistency from companies reporting their latest financial results, as well as ongoing macroeconomic and geopolitical worries more broadly. Snap (NYSE: SNAP) suffered a big decline as shareholders weren't pleased with the social media company's latest warning, but Albemarle (NYSE: ALB) said good things about the state of its business that made its investors even more optimistic about its future. Shares of Snap dropped nearly 30% in premarket trading on Tuesday morning.