U.S. Stocks Opened Higher; Snowflake Shares tumble

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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（36）

Jess261
·2022-03-04
Okay
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2
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Goodmeng
·2022-03-04
Great
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3
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SCLIEW
·2022-03-04
666
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4
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vaicrazy
·2022-03-04
Roller coaster
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4
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seojun
·2022-03-04
Snow fall...
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4
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ASMH
·2022-03-04
Okay
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3
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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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3
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Jialatsia
·2022-03-04
Meep
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2
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claratan
·2022-03-04
Wow
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2
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Gladys8jk
·2022-03-04
Ok
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2
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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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2
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AliPharma
·2022-03-04
ok
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3
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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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3
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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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5
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Winyss10
·2022-03-03
latest
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4
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Munyee
·2022-03-03
Wow pls like
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6
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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","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033468424","repostId":1189567792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033484016,"gmtCreate":1646347905607,"gmtModify":1676534119017,"author":{"id":"4087959350378170","authorId":"4087959350378170","name":"Jialatsia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4087959350378170","authorIdStr":"4087959350378170"},"htmlText":"Meep","listText":"Meep","text":"Meep","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033484016","repostId":1189567792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033483236,"gmtCreate":1646347123131,"gmtModify":1676534118872,"author":{"id":"3573731928321338","authorId":"3573731928321338","name":"claratan","avatar":"https://static.tigerbbs.com/9c6bbdac9048ff2e4b740f272576e2be","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573731928321338","authorIdStr":"3573731928321338"},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033483236","repostId":1189567792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033417625,"gmtCreate":1646346684396,"gmtModify":1676534118791,"author":{"id":"4094787128284850","authorId":"4094787128284850","name":"Gladys8jk","avatar":"https://static.tigerbbs.com/789bbf473867763cd44be080e269826d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4094787128284850","authorIdStr":"4094787128284850"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033417625","repostId":1189567792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033414928,"gmtCreate":1646346462581,"gmtModify":1676534118757,"author":{"id":"3573677387704308","authorId":"3573677387704308","name":"Kai kung","avatar":"https://community-static.tradeup.com/news/0138922ede4ba743c32dcf3ff94803ff","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573677387704308","authorIdStr":"3573677387704308"},"htmlText":"Spring come early. 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