markets
PLTR -2.02% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
PLTR drops 2% intraday while broader market holds flat.
Palantir is sliding to $126.57 as tech-adjacent names take hits across the board — RIOT off 2.98%, RDDT down 1.72%, PL cratering 5.88%. SPY at $751.85 is essentially unchanged, signaling this is sector rotation pressure, not a macro flush. The weakness is concentrated in high-beta growth and data/AI plays.
Watch: $125 as the first clean support level below current price; a hold above $126 keeps the intraday structure intact. PL's 5.88% drop warrants monitoring — if that selling bleeds further into AI/imagery names, PLTR sees another leg down.