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Benzinga
Benzinga
Business
Piero Cingari

Palantir Weighs On Wall Street, Bitcoin Slumps 5%: What's Moving Markets Tuesday?

ES IT MAR NYSE Bitcoin Nasdaq EXC United States Corporate Earnings Palantir Technologies Inc
Wall Street

Risk appetite cooled on Tuesday as investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.

Palantir Technologies Inc. (NASDAQ:PLTR), one of the poster children of this year's AI-fueled rally, slumped more than 7% despite easily beating Wall Street estimates and raising its full-year guidance. Analysts indicated that the stock's 170% surge in 2025 has prompted some sell-the-news behavior.

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