🔴 PLTR is trading 5.3% down today as geopolitical risks and weak tech earnings weigh on markets

PLTR is trading at $144.57 (-5.27%) as the stock gaps down from yesterday's close, tracking a broader market decline fueled by geopolitical tensions and mixed corporate results.

• The stock retraced from its previous close of $152.62—which was driven by a $300M USDA deal—despite a lack of new company-specific catalysts today.
• Broader indices are under pressure with the S&P 500 down 0.12% and NASDAQ falling 0.44% amid rising oil prices and Iran-related risks in the Strait of Hormuz.
• Sentiment in the tech sector is further dampened by disappointing earnings reports from industry peers IBM and ServiceNow.