Shares of Snowflake Inc. (SNOW), a provider of cloud-based data platform, are losing almost 5 percent or $14.48 in Friday's morning trade at $282.61 despite no company-specific news that could influence the stock.
U.S. stocks are modestly higher on Friday amid continued optimism that lawmakers in Washington will eventually reach an agreement on a new stimulus bill. However, a notable drop of shares of Intel Corp. (INTC) weighed on the tech sector, after the semiconductor giant reported third quarter earnings that beat analyst estimates but on weaker than expected revenues for its Data Center Group.
Snowflake has traded in a range of $208.55 to $319.00 in the past 52 weeks.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.