Why Snowflake Stock Inched Higher This Week

For most of this week, Snowflake (NYSE: SNOW) was met with a relatively warm reception by investors. Although the data analytics company was hit with a 8%-plus sell-off on Friday, it still managed to eke out a 2.5% gain across the five trading days, according to data compiled by S&P Global Market Intelligence. Worries about the macroeconomy had been easing, while the Federal Reserve just pulled the trigger on the lowest of its recent string of interest rate hikes.