From Stockstory.org:

Snowflake’s stock jumped 9.4% as tech giant earnings and strong economic data lifted the Nasdaq and S&P 500. The US added 353,000 jobs, surpassing the expected 185,000. The strong market data could delay Fed rate cuts, driving optimism for 2024. Snowflake’s shares are volatile but today’s move indicates the market deems the news meaningful. The stock is up 15.7% since the year began.

The previous, significant 5.4% drop occurred amid mixed tech giant earnings and the Fed’s first policy meeting of 2024. Interested in timely stock explanations? Sign up for StockStory’s watchlist for free.



Read more: Why Is Snowflake (SNOW) Stock Soaring Today