Why Palantir Stock Sank Today
Palantir (NASDAQ: PLTR) stock saw another round of pullbacks in Friday's trading. The artificial intelligence (AI) and data analytics specialist's share price slid 4.3% in the daily session and had been off as much as 5.4% at one point in the session.
The broader market got hit with a strong round of selling pressures today as investors braced for the possibility that the Federal Reserve is on course to raise interest rates this year. The S 500 ended the day down 2.6%, and the Nasdaq Composite closed out the session down 4.2%.
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Source Fool.com
