S&P 500, Nasdaq fall Tuesday | Snap shares crater | These stocks climbed as the market tanked

Snap pulled tech shares to lower levels on Tuesday, as the social media company's stock price lost 43%.

VIEW IN BROWSER | SUBSCRIBE TUE, MAY 24, 2022 EVENING BRIEF AS OF TUE, MAY 24, 2022 • 05:04 ET DJIA 31928.62 +0.15% +48.38 S&P 500 3941.48 -0.81% -32.27 NASDAQ 11264.45 -2.35% -270.83 Most Active DOW NAME LAST CHG %CHG AAPL 140.36 -2.75 -1.92% CSCO 43.77 +0.42 +0.97% INTC 41.67 -0.33 -0.79% S&P 500 NAME LAST CHG %CHG AMD 91.16 -3.91 -4.11% AAPL 140.36 -2.75 -1.92% CCL 11.76 -1.35 -10.30% NASDAQ NAME LAST CHG %CHG AMD 91.16 -3.91 -4.11% AAPL 140.36 -2.75 -1.92% NVDA 161.54 -7.44 -4.40% EDITOR'S NOTE Stocks resumed their sell-off Tuesday, dragged down by sharp losses in the tech sector.    The Nasdaq Composite saw the deepest declines after a warning from Snap led nervous investors to exit other tech names. The S&P 500 stayed in the red, while the blue-chip Dow Jones Industrial Average climbed into the green, helped by gains in UnitedHealth Group and McDonald's.   Snap set the tone for the day after its CEO said the company expects to miss earnings and revenue targets and warned of a hiring slowdown. Its shares plummeted 43% and spooked investors in other tech stocks that rely on advertising spend. Meta Platforms and Alphabet were some of the notable losers. Retail earnings remained in focus for investors after disappointing Target and Walmart results rocked the markets last week. Apparel maker Abercrombie & Fitch was a top decliner Tuesday, falling almost 30% after its financial results showed freight and product costs weighed on its sales.   Though the S&P 500 was down, it didn't fall far enough to cross into a bear market, which it has fought to steer clear of in recent weeks. The broad-market average ended the day down about 18% from its record.   The Nasdaq remains deep in a bear market, 30.5% off its record, and the Dow is sitting roughly 13.6% away from its high. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 falls, Snap warning drags tech as Nasdaq loses 2% Snap closes down 43%, its worst day ever, dragging other stocks with it Sales of newly built homes tumbled over 16% in April while prices soared Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation Snap's warning sends shock across digital advertising as investors flee social media stocks Biden says his Taiwan comments don't reflect a change in U.S. policy after drawing ire from China NATO is stronger than Russia, alliance chief says; Moscow looks ready to sever ties with the West When the market was tanking, these stocks were hitting all-time highs and could go even higher Abercrombie & Fitch shares fall 29% after retailer posts loss, offers weak outlook Ray Dalio says cash is still trash, and equities are trashier TOP VIDEO The likelihood of a global recession is 'touch and go,' says Jim O'Neill CNBC PRO Goldman Sachs says the selling won't stop until this happens SPECIAL REPORTS Still missing your tax refund? You'll soon receive 5% interest — but it's taxable That vacation rental listing could be a scam. These are the warning signs to look out for Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS