Tanger Gets WSB Boost; Stock Markets Stay Choppy After Snowflake Reports
Thursday morning once again showed how nervous investors seem to be about the current state of the stock market. After managing to post a brief gain near the open, major market benchmarks pushed lower once again, adding to weakness throughout the past couple of weeks in an echo of last year's coronavirus bear market. As of 10:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 35 points to 31,235. The S&P 500 (SNPINDEX: ^GSPC) fell 15 points to 3,804, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost another 148 points to 12,850.
Among the gainers on the day was Tanger Factory Outlet Centers (NYSE: SKT), which got recognized by an increasingly prominent and influential group of investors. Meanwhile, Snowflake (NYSE: SNOW) came out with its latest financial report, prompting volatile trading in the software-as-a-service stock as shareholders tried to parse through recent happenings in the tech industry and the broader market.
Image source: Getty Images.
Source Fool.com
