Palantir Shares Soar as It Shifts Listing to Nasdaq

34 minutes ago

Palantir Technologies (PLTR) shares the analysis software provider to list on Friday. Nasdaq from New York Stock Exchange.

The company, a favorite with retail investors, said it will transfer the listing of its Class A common shares to the Nasdaq Global Select Market, where trading will begin on Nov. 26. Its common shares will continue to trade under the symbol “PLTR,” it said.

“Palantir expects to meet the eligibility requirements of the Nasdaq-100 Index following the transfer,” the company said.

The Nasdaq 100 is a collection of the 100 largest, most actively traded companies listed on the Nasdaq exchange, and its components include the three largest companies in the world by market capitalization: Apple (AAPL), Microsoft’s (MSFT) and Nvidia (NVDA), cornerstone artificial intelligence (AI) boom.

Index Invesco QQQ ETF (QQQ), one of the largest and most actively traded exchange-traded funds in the United States

Palantir shares were up 9% Friday morning. They started 2024 at $16.58 each and are currently trading around $64.80 each.

–Nisha Gopalan

Market Less Confident Fed Will Cut Rates Again in December

1 hour 42 minutes ago

Expectations that the Fed would cut interest rates again in December fell after the data showed that the strength in the economy continued and Fed Chairman Jerome Powell said the following. The central bank will act cautiously Because he loosened monetary policy.

Market participants now price the odds of the Fed lowering its benchmark interest rate at next month’s policy meeting at 55%, according to the CME FedWatch Tool, which predicts interest rate movements based on Fed funds futures data. Percentage chance of pricing yesterday, ahead of Powell’s comments.

The Fed cut the effective federal funds rate by a quarter point last week. This follows a half-point cut in September, when the Fed cut interest rates for the first time in four years as inflation continued to edge closer to the central bank target and the labor market showed signs of weakening.

Disney Extends Post-Earnings Raise—Watch These Levels

2 hours 8 minutes ago

Disney (EXTERNAL) shares rose in early trading Friday, adding to yesterday’s big gains after the entertainment giant beat Wall Street’s quarterly forecasts. provided an optimistic long-term outlook.

The stock rose 3.5% to $113 about a half hour after the opening bell.

The stock broke out above the pennant pattern last week, and upward momentum accelerated this week following the company’s better-than-expected quarterly results.

Traders should watch the key overhead levels near $123, $137, and $153 on Disney’s chart and watch for the major support area near $85.

Read all Technical analysis article is here.

–Timothy Smith

Major Indices on Track to Post Weekly Losses

2 hours 51 minutes ago

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are posting record weekly losses as the post-election rally that pushed major indexes to record highs loses momentum.

On Monday, the S&P 500 closed above 6,000 and the Dow closed above 44,000 for the first time. As the chart below shows, shares have fallen since then.

For the Dow and S&P 500, this marks the third week in four weeks that the indexes have posted weekly losses.

Major Index Stock Futures Point to Lower Openness

3 hours 6 minutes ago

Futures contracts tied to the Dow Jones Industrial Average fell 0.4 percent.

S&P 500 futures fell 0.5 percent.

Nasdaq 100 futures were down 0.9%.