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Palantir stock falls amid valuation concerns despite Q4 outlook beating Wall Street estimates
Palantir (PLTR) stock fell Tuesday as Wall Street analysts debated whether its latest solid earnings report justified its soaring valuation. Shares fell over 7% in premarket trading, erasing the 7% jump that came in the immediate wake of the report.
Wall Street pointed toward losses before the opening bell as many of the same tech companies that lifted markets a day earlier were seeing their shares sold off. Futures for the S&P 500 slid 1% in premarket trading Tuesday,
U.S. stock futures tumbled on Tuesday as investors questioned lofty valuations in the technology sector after top Wall Street banks warned of a stock market selloff and AI darling Palantir's sales forecast failed to lift the mood.
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Do Wall Street Analysts Like Interactive Brokers Stock?
Even though Interactive Brokers has outpaced the broader market over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.
In a market captivated by the relentless AI-powered rally in US equities, few on Wall Street seem to mind that only a handful of companies are leading the charge.
Palantir stock sold off after earnings despite solid results, while comments from bank CEOs have raised concerns about a more severe pullback.
Boeing stock rose after catching a Wall Street upgrade.Shares of the commercial airplane maker ended the day with a gain of 1.8% to $204.55 on Monday, while the S&P 500 added 0.2%. The Dow Jones Industrial Average fell 0.
Investors will eye earnings and a private-sector jobs gauge this week. Follow along for live news and analysis of the Dow, S&P 500 and Nasdaq.
U.S. stock-index futures gained Sunday, after the major equity benchmarks extended their monthly winning streaks in October.
The company reported adjusted earnings of $1.20 a share, as revenue climbed 4.7% from a year ago to $2.94 billion.
Shares of quantum computing pure-play stocks IonQ, Rigetti Computing, and D-Wave Quantum have catapulted higher by as much as 3,060% over the trailing year. On paper, quantum computers offer intriguing real-world utility, with one forecast expecting this technology to add $1 trillion in global economic value by 2035.