What happened Snowflake (NYSE: SNOW) stock enjoyed another round of big gains in Friday’s trading. The data-software specialist’s share price surged roughly 15% in Thursday’s daily trading session on better-than-anticipated inflation data, and the company’s valuation continued to climb 9.7% today as investors warmed up again to growth stocks. While economists had anticipated the U.S. Labor Department’s consumer price index (CPI) inflation to come in at 0.6% compared to September and 7.9% compared to October 2021, actual inflation levels came in at 0.4% sequentially and 7.7% year over year. The data was enough to kick off a dramatic surge in bullish sentiment for the broader market. So what Spurred by the better-than-anticipated CPI data, the growth-heavy Nasdaq Composite index surged 7.35% on Thursday, one of its best-ever single-day jumps. It then gained an additional 1.6% in Friday’s trading as bullish momentum continued to shape the broader market. As gains for the growth-heavy Nasdaq Composite show, investors are pouring back into<\/p>\n","protected":false},"excerpt":{"rendered":"
Snowflake closed out the week with explosive gains, but the stock is still down roughly 53% year to date.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1,24],"tags":[],"class_list":["post-293951","post","type-post","status-publish","format-standard","hentry","category-markets","category-news","category-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/293951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=293951"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/293951\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=293951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=293951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=293951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}