U.S. Stocks Movement | Snap drops over 8%, high pricing of AR glasses raises doubts

```htmlGlonhui June 17｜Snap (SNAP.US) initially fell more than 8%, hitting a low of $4.74. In terms of news, Snap launched its first consumer-oriented AR glasses Specs at the Augmented Reality World Expo, featuring transparent waveguide display, contextual AI, and AR interaction, but its high price of $2,195 has raised market doubts. IDC research manager Jitesh Ubrani said that due to high inflation eroding consumer purchasing power, now is a bad time for any company to launch high-end products. (Glonhui)```