2023-04-04 15:32:48 ET
Shares of Snowflake (NYSE: SNOW) are climbing in Tuesday's daily trading session despite selling pressures impacting the broader market. The data-services specialist's stock was up roughly 3% as of 3 p.m. ET, according to data from S&P Global Market Intelligence . Meanwhile, the S&P 500 index and the Nasdaq Composite index were both down roughly 0.8% at that point in the day's trading.
The gains for the stock appear to have been powered by the unveiling of a new partnership. Striim, a provider of unified data integration and data streaming services, published a press release Tuesday morning announcing that it would be bringing its services to Snowflake's platform.
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For further details see:
Why Snowflake Stock Is Gaining in a Down Day for the Market