Snowflake and Kroger rally on earnings news
The S&P 500 is up 0.8% and off prior highs (+1.2%). The Nasdaq is up 0.3% after being up 1.2% earlier today. Earnings news and reactions have leaned positive, featuring impressive gains in Snowflake (SNOW 339.40, +28.40, +9.2%) and Kroger (KR 44.22, +4.019, +10.0%). Dollar General (DG 216.45, -6.34, -2.8%), however, is struggling despite beating EPS estimates and raising its FY21 guidance. Separately, shares of Square (SQ 190.08, -4.55, -2.5%) have hit a 52-week low amid downside momentum. After yesterday's close, the company announced it will be changing its name to Block on or around Dec. 10. Its ticker symbol will remain SQ for now.