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U.S. Stocks Opened Higher; Snowflake Shares tumble

Tiger Newspress2022-03-03

U.S. stocks rose Thursday as rapid moves in the energy and bond markets slowed.

The Dow Jones Industrial Average added 175 points, or 0.5%. The S&P 500 moved up about 0.4%, while the Nasdaq Composite climbed 0.3%.

The move higher in stocks was broad in early trading, with Cisco Systems, Amgen and Walmart all climbing more than 1% to boost the Dow.

On the earnings front Thursday, shares of Best Buy rose 5% after the retailer met earnings expectations and hiked its dividend, and Kroger climbed 8% after beating estimates on the top and bottom lines.

Software stock Snowflake dropped 15% after the company reported slowing revenue growth. BJ’s Wholesale, Burlington Stores and Big Lots were all down in premarket trading after their earnings reports.

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Comment36

  • Jess261
    ·2022-03-04
    Okay
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  • Goodmeng
    ·2022-03-04
    Great
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  • SCLIEW
    ·2022-03-04
    666
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  • vaicrazy
    ·2022-03-04
    Roller coaster
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  • seojun
    ·2022-03-04
    Snow fall...
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  • ASMH
    ·2022-03-04
    Okay 
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  • PearlynCSY
    ·2022-03-04
    Nasdaq drops 1.5%, Dow off nearly 100 points in choppy session as traders monitor Russia-Ukraine war. European markets close down 2% amid Ukraine-Russia tensions; travel stocks slide 4.5%. Oil rises to the highest since 2008, before paring gains. West Texas Intermediate crude futures, the U.S. oil benchmark, traded as high as $116.57 per barrel, a price last seen on Sept. 22, 2008. International benchmark Brent crude hit $119.84, the highest level since May 2012.O
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  • Jialatsia
    ·2022-03-04
    Meep
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  • claratan
    ·2022-03-04
    Wow 
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  • Gladys8jk
    ·2022-03-04
    Ok
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  • Kai kung
    ·2022-03-04
    Spring come early. Snow(flake)already start to melt
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  • Yappy
    ·2022-03-04
    Ok
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  • AliPharma
    ·2022-03-04
    ok
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  • J1000
    ·2022-03-04
    K
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  • BKT
    ·2022-03-03
    Good. Pls like thanks.
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  • mohjoejoejoe
    ·2022-03-03
    Ok
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  • yatylime
    ·2022-03-03
    wow
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  • ITNerd
    ·2022-03-03
    Nice 
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  • Winyss10
    ·2022-03-03
    latest
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  • Munyee
    ·2022-03-03
    Wow pls like
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