High-beta US stocks surged, with Snowflake rising 26% and Tesla nearly 8% intraday, fueled by AI earnings reports and Waller's dovish stance, igniting risk appetite.
On Thursday, September 3rd, Eastern Time, risk appetite in the US stock market rebounded significantly, with high-beta growth stocks becoming the most eye-catching assets on the market.
During the session, all three major U.S. stock indexes rose by more than 1%, while Snowflake, a leading AI data cloud provider