US initial jobless claims come in at 206k
US initial jobless claims were reported at 206k. The forecast was 205k and the previous reading was 206k.
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Snowflake tops earnings estimates, lifts FY27 product revenue view to 2028
Snowflake reported Q2 EPS of $0.62 versus $0.45 expected and revenue of $1.55 billion versus $1.48 billion expected, while raising FY27 product revenue guidance to $6.07 billion from $5.84 billion.
US jobless claims and Philly Fed index both top expectations
US initial jobless claims come in at 206k versus 210k expected, while the Philadelphia Fed manufacturing index prints 47.4 versus 24 expected.