Snowflake has catapulted into ‘elite territory,’ JPMorgan says in upgrade
Existing customers seem likely to increase their spending on the platform, survey shows
Existing customers seem likely to increase their spending on the platform, survey shows
BANGKOK — Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses.
Led by strong returns for shares of Salesforce Inc. and Merck, the Dow Jones Industrial Average is up Thursday afternoon. Shares of Salesforce Inc. CRM, +3.34% and Merck MRK, +3.19% have contributed to the index’s intraday rally, as the Dow DJIA, +0.64% was most recently trading 34 points, or 0.1%, higher.
U.S. stock futures were pointing to more gains on Friday, with major indexes set to break with three straight weeks of losses, helped by some calm over prospects for rising interest rates and bargain hunting, notably among tech stocks.
Sarepta Therapeutics (NASDAQ:SRPT – Get Rating) had its target price decreased by equities research analysts at Credit Suisse Group from $95.00 to $90.00 in a research report issued on Friday, The Fly reports. Credit Suisse Group’s price target points to a potential upside of 25.31% from the stock’s previous close.
Chef’s Warehouse Inc. CHEF, +5.13% shares rose 3.6% in Wednesday premarket trading after it raised its full-year guidance.
Gold futures ended slightly lower on Wednesday, with prices for the precious metal down a third straight session.
Shares of Mullen Automative Inc. MULN, +5.26% were ahead in Wednesday morning trading but had pared back some of their gains after the electric-vehicle company said that it had filed various patents to support its Mullen FIVE EV Crossover.
Behind positive gains for shares of UnitedHealth and Johnson & Johnson, the Dow Jones Industrial Average is climbing Wednesday afternoon.
No bottom for stocks with more Fed tightening, weaker economy on way, economist says