Palantir is trading at $165.50 (-3.02%) as investors react to hotter-than-expected August producer inflation and reduced expectations for near-term Federal Reserve easing.
- Hotter PPI is pressuring rate-sensitive growth and technology shares.
- The broader market is weaker: S&P 500 down 0.64% and Nasdaq Composite down 0.63%; Reuters reported Nasdaq down 0.61% after PPI rose 5.4% year over year.
- Fujitsu partnership expansion is positive news but provides no direct selling catalyst.