Palantir Technologies Inc. is trading 1.2% down at $119.16 as stronger-than-expected U.S. jobs data fuels expectations of prolonged high interest rates, pressuring high-valuation technology stocks.
- The stock continues a downward trend after several days of sharp declines from a recent peak above $138.
- A broad pullback in growth and technology shares is weighing on the sector following the hawkish shift in market sentiment.