The Latest Breaking News from Snowflake

Elastic stock jumped late Thursday after the enterprise data software company reported fiscal Q1 results ahead of views.

As the demand for data-driven insights and cloud-based solutions intensifies, companies providing these services are experiencing significant growth and investor interest. Snowflake Inc. (NYSE:SNOW), a leader in data cloud services, is at the forefront of this trend, capturing attention with its robust financial performance and strategic innovation.

Wall Street experienced a day of cautious trading as major indices showed little change by midday. Investors eagerly awaited the second-quarter earnings report from NVIDIA, which has been a key player in the recent rally that propelled the SP 500 to near-record highs.

The stock market crept higher into Nvidia earnings. Snowflake, CrowdStrike and Urban Outfitters also were active late.

Snowflake stock jumped on Q2 earnings and revenue that beat Wall Street targets while October quarter product revenue guidance came in above views.

Shares of Snowflake Inc (NYSE:SNOW) are trading higher Wednesday as investors await the cloud data company’s second-quarter earnings report, scheduled for release after the market close.

September Nasdaq 100 E-Mini futures (NQU25) are trending up +0.02% this morning, with investors in wait-and-see mode ahead of a highly anticipated earnings report from AI darling Nvidia.

It’s another reasonably quiet week for earnings in terms of the number of companies reporting, but we do have some highly anticipated releases from Nvidia (NVDA), Marvell Technology (MRVL), Snowflake (SNOW), Crowdstrike (CRWD) and Alibaba (BABA).

Markets enter a defining week following Friday's dramatic turnaround that saw the S&P 500 ($SPX) (SPY) and Dow hit new highs after Fed Chair Jerome Powell's game-changing Jackson Hole speech declared that conditions "may warrant" rate cuts.