Stock Market, Interest Rates, Jobless Rates, Covid: Financial News 9 18 from immunomedics Watch Video
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Description: There were two major highlights this week. Theastounding gains from the Initial Public Offering of the cloud computing company Snowflake. And the announcement of a new Federal Reserve policy to hold interest rates lower for longer. nnThis week will always be remembered for the spectacular debut of Snowflake. It came public at $120 a share and surged to $319 after it started trading before settling back to $269. That is a gain of 112% in a day and just shows how much froth there is in the mar