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Mark Lennihan / AP

Snap this morning opened trading with a $32.6 billion market cap, which would rank #26 in the S&P 500 Information Technology Index (were it to be included), per Richard Peterson of S&P Global Market Intelligence.

That puts it just ahead of Intuit, and also larger than such companies as HP and Electronic Arts. It trails #25, Activision Blizzard, which opened today at $35.4 billion.

Snap shares were down around 5% in early market trading on Monday.

Go deeper

38 mins ago - World

UN chief urges U.S. and China to fix "dysfunctional relationship"

United Nations Secretary-General Antonio Guterres during a Sept. 13 press conference in Geneva. Photo: Fabrice COFFRINI / Coffini/AFP via Getty Images

United Nations chief Antonio Guterres raised concerns in an interview with AP, published Monday, of another Cold War between the U.S. and China.

Why it matters: Guterres made the comments ahead of this week's UN General Assembly in New York. Guterres told AP the U.S.-U.K. deal to provide nuclear-powered submarines to Australia "is just one small piece of a more complex puzzle ... this completely dysfunctional relationship between China and the United States."

Updated 2 hours ago - Politics & Policy

FBI says human remains found in Wyoming likely Gabby Petito

Gabby Petito. Photo: FBI

Human remains found in Teton County, Wyoming, are "consistent with the description of" missing 22-year-old Gabby Petito, FBI Denver official Charles Jones said at a news conference Sunday.

Details: The cause of death had yet to be determined, but Jones said: "Full forensic identification has not been completed to confirm 100% that we found Gabby, but her family has been notified of this discovery." Authorities said they're continuing the search for her fiancé, Brian Laundrie.

Dems' immigration plan hits major roadblock

Senate Majority Leader Sen. Chuck Schumer. Photo: Alex Wong/Getty Images

The Senate parliamentarian ruled Sunday that Democrats cannot include pathways to citizenship in the $3.5 trillion budget reconciliation package, per a copy of the ruling obtained by Axios.

Why it matters: It's a blow to Democrats who hoped to provide pathways for millions of undocumented immigrants in the U.S. Using reconciliations would have allowed them to pass politically contentious immigration changes with only 50 votes, as opposed to the usual 60 required.

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