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Why Palantir Stock Is Jumping Today

TheMotleyFool

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Palantir Technologies (NASDAQ: PLTR) stock is surging Friday. The software specialist's share price was up 6.3% as of 3:20 p.m. ET. At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1.1% and 1.3%, respectively.

After sell-offs in Thursday's trading, growth stocks are rebounding today -- and Palantir is benefiting from the momentum. The latest U.S. jobs report from the Bureau of Labor Statistics (BLS) has investors feeling bullish and is helping to power a rebound for growth stocks after sell-offs yesterday.

Image source: Getty Images.

Source Fool.com

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