Snowflake Inc. (NYSE:SNOW) shares are on the rise Tuesday. The upward movement in Snowflake’s stock is part of a broader rally within the technology sector, driven by overall market strength following the release of softer-than-expected Producer Price Index (PPI) figures for July 2024. Why is the Stock Moving?The key catalyst behind the market’s positive sentiment is the recent PPI report, which showed a slower-than-expected rise in producer prices. The PPI for final demand increased by only 0.1% month-over-month, below economists’ expectations of a 0.2% increase. On an annual basis, the PPI r…