Advertisement
Canada markets open in 6 hours 8 minutes
  • S&P/TSX

    22,259.47
    +312.06 (+1.42%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CAD/USD

    0.7310
    -0.0012 (-0.16%)
     
  • CRUDE OIL

    78.60
    +0.12 (+0.15%)
     
  • Bitcoin CAD

    87,103.07
    -748.95 (-0.85%)
     
  • CMC Crypto 200

    1,367.85
    +2.72 (+0.20%)
     
  • GOLD FUTURES

    2,327.20
    -4.00 (-0.17%)
     
  • RUSSELL 2000

    2,060.67
    +24.95 (+1.23%)
     
  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     
  • NASDAQ futures

    18,191.25
    -4.25 (-0.02%)
     
  • VOLATILITY

    13.49
    0.00 (0.00%)
     
  • FTSE

    8,300.41
    +86.92 (+1.06%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • CAD/EUR

    0.6787
    -0.0005 (-0.07%)
     

Why Appian, Snowflake, and Shopify All Stumbled Today

Why Appian, Snowflake, and Shopify All Stumbled Today

Shares of cloud software companies, including Appian (NASDAQ: APPN), Snowflake (NYSE: SNOW), and Shopify (NYSE: SHOP), were all moving lower today as downbeat economic data raised fears of a recession and sparked a sell-off in high-growth, tech stocks like these three. This seems to reflect the banking crisis, planned layoffs, and a decline in business activity that's consistent with the arrival of a recession.