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Why the Fed’s Move Didn’t Boost Markets, and Making Sense of Snowflake’s IPO

46 min•16 september 2020

Markets closed near their lows of the day and the S&P turned negative, even as the Fed pledged to leave rates low for an extended period.

And shares of Snowflake more than doubled in their debut today. But who really reaped the benefits of that stock surge?


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