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Why Palantir Stock Is Sinking Today

TheMotleyFool

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Palantir (NASDAQ: PLTR) stock is in the red in Friday's trading despite trimming some of its early losses in the session. The company's share price was down 2% at 11 a.m. ET amid a decline of 1.6% for the S 500 index and a 1.9% pullback for the Nasdaq Composite index. The stock had been off as much as 4.6% shortly after the market opened.

The stock market is seeing a wave of bearish trading today as investors react to the latest U.S. jobs data and the impacts of tariffs on the economy. With today's modest pullback, Palantir stock is still up 105% year to date as of this writing.

Image source: Getty Images.

Source Fool.com

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