The stock market hovers near a new record high, but the social media stocks appear to be suffering.

According to CNBC there are strong economic indicators, but there are some concerns about the broader economy:

The S&P 500 was about unchanged a day after the benchmark closed at a record.

The broad market index hovered 0.3% above its record while the Dow Jones Industrial Average added 129 points, or 0.3%.

However, the Nasdaq Composite shed 0.1% after poor results from two technology companies.

Shares of Intel retreated more than 10% following a weaker-than-expected sales report. The semiconductor company blamed an industry-wide chip shortage for its revenue miss.

Social media stocks also dropped after Snap said its advertising business declined due to Apple’s privacy changes. Snap shares sunk more than 20%. Facebook and Twitter pulled back 4% and 2%, respectively.

Despite these blips in the tech sector, overall earnings season has been terrific so far, boosting the broader market back to an all-time high following a two-month lull. So far for the third quarter earnings season, 84% of companies are reporting EPS above estimates, according to Refinitiv. Profits are on pace in the quarter to increase 33.7%, according to Refinitiv.

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