PLTR is trading at $130.60, down 3.7% today, as sector-wide weakness and delayed Fed rate cut expectations weigh on technology stocks.
- The stock has fallen 20% year-to-date in 2026, continuing a sharp decline from its $157.88 close on February 3rd despite strong business fundamentals.
- Recent losses were exacerbated by the January jobs report, which showed stronger-than-expected hiring but significant downward revisions to 2025 labor data, sparking economic cooling concerns.
- The Nasdaq Composite is down 0.74% during Thursday's session, reflecting broader market sentiment and profit-taking following the stock's 5.16% gain on February 9th.