Palantir Stock Tumbles Monday, Now Nearly 40% Off Record High
Palantir was one of the worst-performing stocks in the S&P 500 Monday, as shares extended losses since hitting an all-time high last month.
Palantir was one of the worst-performing stocks in the S&P 500 Monday, as shares extended losses since hitting an all-time high last month.
As of midday, the S&P 500 was down 2%, while the Nasdaq 100 was down more than 3%.
The shift to defense is on.
Shares of data-mining and analytics company Palantir (NYSE:PLTR) fell 10.1% in the afternoon session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. Over the weekend, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasdaq fal
Shares of social network operator Meta Platforms (NASDAQ:META) fell 6% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. On Sunday, March 9, 2025, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasdaq fa
Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW) fell 7.1% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. On Sunday, March 9, 2025, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasdaq fal
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 5.4% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. On Sunday, March 9, 2025, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors. The sell-off was particularly pronounced in the tech sector, with the Nasd
"It's become clear he's now spending more time on DOGE than anything else," said one analyst of Elon Musk.
NEW YORK (Reuters) -President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda. A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China. "We've seen clearly a big sentiment shift," said Ayako Yoshioka, senior investment strategist at Wealth Enhancement.
The Magnificent Seven stocks on Monday had their worst session of the year as equities sold off amid rising recession risks.