--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Snowflake Soars 16% as Wall Street Rallies on Waller's Dovish Turn" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000885491.md" description: "Snowflake surged 16.55% on a blowout earnings beat, and Fed Governor Waller's dovish tilt sent September rate-hike odds tumbling. All three US indices closed up more than 1%. Tesla's Cybercab official..." datetime: "2026-09-04T03:01:23.000Z" locales: - [en](https://longbridge.com/en/topics/100000000885491.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000885491.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000885491.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Snowflake Soars 16% as Wall Street Rallies on Waller's Dovish Turn Snowflake surged **16.55% on a blowout earnings beat**, and Fed Governor Waller's **dovish tilt** sent September rate-hike odds tumbling. All three US indices closed up more than 1%. Tesla's Cybercab officially went live in Austin, but the invite-only rollout left investors wanting more. Let's dig in 👇 **💬 Waller wants "one more meeting" of patience on rates — is Wall Street getting ahead of itself before tonight's jobs report?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Snowflake Soars 16% as Wall Street Rallies on Waller's Dovish Turn **🔑 Key Event:**$Snowflake(SNOW.US) closed **+16.55%** after a Q2 beat (revenue **+35%** YoY) and raised guidance on strong AI-tool demand. **Fed Governor Waller signaled support for holding rates steady in September** if August inflation keeps improving, pulling hike odds down to 52% from 63% the prior day. All three US indices closed up over 1% ($Dow Jones Industrial Average(.DJI.US)**+1.18%** to 53,686, $S&P 500(.SPX.US)**+1.06%** to 7,748, $NASDAQ Composite Index(.IXIC.US)**+1.40%** to 26,584). **👀 Other to Watch** - $Broadcom(AVGO.US) → **-2.74%** even after issuing its first-ever FY2028 AI revenue target ($230B) and revealing Anthropic will become its largest chip customer by FY2027. > @koolgal : Broadcom operates a high-margin, custom-silicon monopoly that captures revenue straight from the physical backbone of the AI buildout. This downturn is a gift for disciplined long-term investors. - $NVIDIA(NVDA.US) → **+1.80%** after agreeing to **buy AI platform Hugging Face** for $12.93B, its largest-ever deal, expanding beyond chips into software. - $Tesla(TSLA.US) → **+5.42%** as its **Cybercab** officially began operating in Austin, but the invite-only launch had no fleet-scale details; shares slipped after-hours as NHTSA said it's evaluating the rollout. > @Tonc : Tesla rallied while the broader hardware sector stayed weak — a real breakout to new highs would likely need both lower bond yields and a fresh wave of excitement around robotics. - $Gopro(GPRO.US) → swung from a premarket pop to **-16.56%** by the close, after law firms opened investigations into whether its Starman Optical sale fairly values shareholders. - $Hewlett Packard Enterprise(HPE.US) → **+34%** revenue growth beat, guidance raised, even as $Lululemon(LULU.US) fell on its first negative comp-sales quarter since the pandemic and a second straight guidance cut. - **Tonight's US non-farm payrolls** (8:30pm SGT) → consensus expects about +56,000 jobs added in August. ### 🇸🇬 Singapore — STI Hits a Fresh 52-Week High **🔑 Key Event:**$FTSE Straits Times Index(STI.SG) closed at 5,747.71 Thursday, then climbed **+0.86%** Friday morning to around 5,797 — **its intraday high of 5,807.16 confirmed as a genuine fresh 52-week high** (topping the prior peak of 5,774.21 set Aug 11). **👀 Other to Watch** - All three local banks are climbing with it, also near their own 52-week highs: $DBS(D05.SG)**+0.89%** to S$78.64, $OCBC Bank(O39.SG)**+1.13%** to S$32.28, $UOB(U11.SG)**+0.77%** to S$42.06. > @melph : OCBC has been a pleasant surprise in my portfolio — I'm still holding and enjoying both the capital appreciation and dividends, and haven't felt the need to chase the stock higher. > @TheInvestingIguana : The number I keep coming back to on DBS is the yield, not the multiple. Someone who bought years ago at S$30 is sitting on the same dividend at a yield closer to 10.6% — same stock, same payout, two completely different income realities depending on when you got in. ### 🇭🇰 HK/China — HSI Rebounds Sharply Friday Morning **🔑 Key Event:**$Hang Seng Index(00HSI.HK) dipped **-0.39%** Thursday to 25,213, then rebounded **+2.22%** intraday Friday morning, led by Chinese tech and financials (Tencent, Alibaba, JD.com, HSBC all higher). **👀 Other to Watch** - $NASDAQ Golden Dragon China Index(.HXC.US) fell 0.83% Thursday as US-listed China tech names broadly softened. ### 🌍 Other - **🇨🇦 Canada** → PM Mark Carney confirmed retaliatory tariffs on US steel, dairy, appliances, farm equipment, pulp/paper and electronics will start Sept 8, after trade talks collapsed in late August. - **🌍 Gold and oil** → gold reportedly touched $4,548/oz intraday before steadying, while oil eased back as Middle East tensions showed signs of cooling. ## 📅 Upcoming Key Events | **When (SGT)** | **What** | | ----------------------- | ---------------------------------------------------------------- | | **Tonight, Fri 4 Sept** | 🇺🇸 **US August non-farm payrolls**, 8:30pm SGT (consensus ~+56K) | | **Mon 7 Sept** | 🇺🇸 US markets closed for Labor Day | | **Tue 8 Sept** | 🇨🇦 Canada's retaliatory tariffs on US goods take effect | | **Wed 9 Sept** | 🍎 Apple's iPhone launch event | | **Thu 10 Sept** | 🇺🇸 US August PPI | | **Fri 11 Sept** | 🇺🇸 **US August CPI**, ahead of the Sept 16 Fed decision | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Sept 4, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [GPRO.US](https://longbridge.com/en/quote/GPRO.US.md) - [DBSDY.US](https://longbridge.com/en/quote/DBSDY.US.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) ## Comments (19) - **Heroic Lifesaver · 2026-09-04T06:00:11.000Z · 👍 1**: I believe the Fed chair had to be hawkish last week for credibility and to be fair he was doing the correct thing. The market as usual likes to over react and overthink. - **win win · 2026-09-04T05:47:24.000Z · 👍 1**: Nvidia, the giant AI stock. After withstanding the continue straight down 7 days, like making a comeback. anyone here are still holding it? - **TheRaccoonAnalysis · 2026-09-04T05:22:01.000Z · 👍 1**: Snowflake’s strong earnings and raised guidance reinforce investor confidence in enterprise AI spending, while Waller’s comments reduced near-term rate-hike concerns. Together, stronger AI growth and a potentially less restrictive Fed backdrop supported broad risk appetite, driving all major U.S. in - **Darkwinter · 2026-09-04T05:12:00.000Z · 👍 1**: Non farm payroll is impt, coupled with fed governor comments - **LazyCat · 2026-09-04T05:07:03.000Z · 👍 1**: What Walker actually said was not quite dovish as it is a neutral conditional statement that *if* inflation continues to show signs of decline over next 2 weeks, then a hike wouldn't be needed in Sep. He made clear that the Aug CPI on Sep11 would be a data point. A market that rallies on such condit - **Shyon · 2026-09-04T05:01:58.000Z · 👍 1**: I’m cautiously bullish, but I think the market may be getting ahead of itself on the Fed. Waller’s dovish tone is definitely supportive for growth and AI stocks, but tonight’s jobs report could quickly change the narrative. With consensus around just 56K jobs, a weak number could reinforce September - **Fattycat · 2026-09-04T04:53:18.000Z**: Tonight is damn critical. Kevin Warsh likes data. Hence, NFP will rock the market tonight. Only two ways: way up or way down.Choose wisely ☺️. Cannot take stress. Close your app 😆😆and drink kopi.Also, I fully back Canada’s retaliatory tariffs against US. Sovereignty isn’t up for compromise and it ca - **Tiffany lover · 2026-09-04T04:03:56.000Z · 👍 1**: Fed Governor Waller stated that if August inflation continues to improve, he supports keeping interest rates unchanged in September, lowering the probability of a rate hike from 63% the previous day to 52%.The main focus remains on tonight's non-farm payroll results.Previous expectations for rate cu - **Fattycat** (2026-09-04T04:22:00.000Z): Going to be a volatile night . Sit tight and buckle your seat belt 🤣. - **Valenxis · 2026-09-04T04:03:29.000Z · 👍 1**: STI broke new high. Those banks are mooning. Good for holders. For non holders who wish to join the rally, can either DCA or wait for next pullback - **Fattycat** (2026-09-04T04:22:46.000Z): 🤣. All the best to banks holders . Huat lah. - **Vt3 · 2026-09-04T04:02:23.000Z · 👍 1**: 📌🟢 Yeah It’s TGIF baby, last session was great to see TSLA kick off as TOP1, am already anticipated it will shoot up back to USD400 level. The golden ERA a storm of GOLD 🚗 hitting Austin. Next NVDA touch USD230. So I have happily closed my deals with both NVDA and also MSFT which shot back up to US - **Fattycat** (2026-09-04T04:24:36.000Z): I will short Tesla if it reach 480-500 range .😂 - **Pingu · 2026-09-04T04:01:27.000Z · 👍 1**: The coming week is packed with market-moving events, starting with tonight’s US August non-farm payrolls, where the consensus expects around 56K jobs, followed by the US Labor Day market closure on Monday. Canada’s retaliatory tariffs on US goods take effect Tuesday, while Apple’s iPhone launch even - **NewUser_CkrdqW · 2026-09-04T04:01:19.000Z · 👍 1**: I think Broadcom's -2.7% is justifiable given the softer guidance. The stock did tank as much as 7% at one point before reversing partially due to a whole-market optimism after FED governor signalling for a steady rate for September. Still a good valuation to purchase right now imo - **Fattycat** (2026-09-04T04:25:42.000Z): I queue at 138. Miss the chance 🥹. Wait for next quarter 😆. - **relf · 2026-09-04T04:01:12.000Z · 👍 1**: Markets are trending upwards again, once again providing time in the market beats timing the market for most people. Not the time to be complacent as well. - **Fattycat** (2026-09-04T04:26:41.000Z): Could it be a fake rally ? NFP may spook the market .Trade with care. - **NewUser_ThinkSwim · 2026-09-04T04:00:01.000Z · 👍 1**: Markets are getting even more choppy before deciding a direction to bear or bulls movements will exercise cautious and DCA into good stocks that will return back after major pullbacks or correction. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**