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

Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW) jumped 5.3% in the afternoon session after the Bureau of Labor Statistics provided a revised inflation reading for December 2023, which came in lower than expected (+0.2% m/m versus the prior reading of +0.3%). This further supports the narrative that inflation is cooling, likely giving the Fed more reasons to start cutting rates in 2024.

Why Datadog (DDOG) Stock Is Trading Up Today

Shares of cloud monitoring software company Datadog (NASDAQ:DDOG) jumped 6.2% in the afternoon session as the Nasdaq and S&P 500 surged after solid earnings from tech giants, including Meta (NASDAQ:META), which soared more than 20% (MAU/DAU growth, guidance beat, and dividend initiation), and Amazon (solid revenue beat). In addition, yields surged, with the 2-year Treasury yield rising to 4.38%, while the 10-year Treasury yield broke past the 4% mark as fresh labor market data exceeded expectati

Why Is Snowflake (SNOW) Stock Soaring Today

Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW) jumped 9.4% in the afternoon session as the Nasdaq and S&P 500 surged after solid earnings from tech giants, including Meta (NASDAQ:META), which soared more than 20% (MAU/DAU growth, guidance beat, and dividend initiation), and Amazon (solid revenue beat). In addition, yields surged, with the 2-year Treasury yield rising to 4.38%, while the 10-year Treasury yield broke past the 4% mark as fresh labor market data exceeded expectations. T

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