Snowflake's 0.42% Drop Leaves It 89th in Market Activity as AI Sector Soars on Fed Optimism

Snowflake (SNOW) closed September 9, 2025, , , . The stock’s performance came amid broader market gains as U.S. equities hit record levels on revised labor market data and anticipation of Federal Reserve policy shifts.

The AI sector remained a focal point, with Snowflake’s movements linked to developments in the space. . However, the stock underperformed relative to peers like Nebius and CoreWeave, .

Macro factors also influenced investor sentiment. Revisions to U.S. employment data and upcoming inflation readings heightened speculation about the Federal Reserve’s potential rate cuts. , .

To deliver an accurate back-test, I need to clarify a few practical details first: 1. Universe – Do you want all U.S. listed common stocks (NYSE + NASDAQ + AMEX), or a different market/universe? 2. Transaction timing – Buy at today’s close and sell at tomorrow’s close (T + 1), or buy at tomorrow’s open and sell at tomorrow’s close? 3. Weighting & rebalancing cost – Equal-weight each of the 500 names, or weight by market-cap / volume? Assume zero transaction cost/slippage, or apply a specific cost? 4. Survivorship-bias and delistings – OK to use a survivorship-bias-free database (includes delisted stocks), or is a live-ticker universe acceptable? With these items confirmed, I can draft the data-retrieval plan and launch the back-test.