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Snowflake Inc. (SNOW): Hedge Funds Are Bullish on This Aggressive Growth Stock
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
Snowflake Options Spot-On: On September 12th, 76,953 Contracts Were Traded, With 625.83K Open Interest
Snowflake Sees Traditional Large Enterprises as Top Customers; Not Investing More in GPUs
Snowflake Options Spot-On: On September 11th, 50,213 Contracts Were Traded, With 612.37K Open Interest
Smart Money Is Betting Big In SNOW Options