Shares of several companies in the broader tech sector, including Palantir Technologies Inc (NYSE:PLTR), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week. Anticipation of further Federal Reserve policy tightening has continued to weigh on stocks across sectors.
Palantir shares also saw weakness last week and were trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.
