Snowflake (SNOW) Stock Gains Amid Tech Rally, CPI Miss: What's Going On?

Shares of Snowflake Inc SNOW have climbed 4.9% to $181.90 since Monday's open, tracking broad tech sector gains following a U.S.-China trade breakthrough.

What To Know: The two nations agreed to slash tariffs on each other's goods — U.S. rates falling from 145% to 30%, and China's from 125% to 10% — in a 90-day de-escalation window starting May 14. The move, driven by high-level talks in Geneva, has eased fears of further supply chain disruption and boosted market sentiment.

The truce offers critical relief for enterprise software firms like Snowflake, which are sensitive to macroeconomic conditions and global trade flows. Investors responded positively as the rollback dampens recession concerns and may support business investment and IT spending.

Adding to the tailwinds, April's U.S. Consumer Price Index came in cooler than expected, with headline inflation at 2.3% year-over-year, slightly below forecasts. Core inflation held steady at 2.8%. While this won't likely prompt imminent Fed rate cuts, the miss reassured markets that inflation isn't re-accelerating.

Together, improved geopolitical stability and softer inflation data have brightened the outlook for high-growth tech stocks, positioning Snowflake as a standout beneficiary early in the week.

Read Also: Wall Street Climbs As Inflation Cools, Nasdaq 100 Hits 10-Week Highs

How To Buy SNOW Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Snowflake’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, SNOW has a 52-week high of $194.40 and a 52-week low of $107.13.