From Stockstory.org does not appear to be associated with any specific media company.:

Snowflake’s shares jumped 5.3% after the Bureau of Labor Statistics revised December 2023 inflation reading came in lower than expected. Nasdaq rose 1.2% and S&P 500 gained 0.57% with strong earnings from big tech stocks. S&P 500 broke 5,000 for the first time, as market continues to maintain strong momentum. Lower interest rates will apply higher valuations to stocks. Snowflake’s shares are volatile, and today’s move is considered meaningful by the market. Yields surged, and strong jobs report could delay Fed’s rate cut. Snowflake is up 23.5% since the beginning of the year.



Read more: Snowflake (SNOW) Shares Skyrocket, What You Need To Know