Palantir, S&P 500 and Straight Session
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Wall Street, NVIDIA and Palantir
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1h
Investor's Business Daily on MSNStock Market Today: Dow Weighed Down By Walmart; Palantir Seeks To End Losing Streak As Nvidia Wobbles (Live Coverage)
The Dow Jones index dropped Thursday after surprise initial jobless claims. Walmart falls as Palantir seeks direction.
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Palantir stock (NASDAQ: PLTR) took a sharp hit on Wednesday, falling about 7% as high-valuation tech stocks pulled back across the market. The AI and data analytics company had hit record highs earlier in the month,
22h
Investor's Business Daily on MSNStock Market Today: Indexes Fall On Fed Fears; Palantir Tests Key Level As Retail Stock Breaks Out (Live Coverage)
In the S&P 500, Analog Devices ADI took the lead with a gain of more than 4% while Target TGT weighed on the benchmark index with a loss of nearly 7%. The retailer triggered a sell rule by falling below its 50-day moving average in heavy volume and remained around 60% below its all-time high of 268.98.
In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.