Palantir Stock Decline
Palantir Technologies stock is sliding due to fears of a global trade war and potential government spending cuts. The stock has been on a five-day losing streak and is underperforming the S&P 500 and Nasdaq Composite. Analysts have highlighted Palantir's high federal exposure and high valuation as factors contributing to its decline. The stock is also considered high-beta, making it more volatile than the broader market. Overall, the decline in Palantir stock is driven by concerns about trade tensions, government spending cuts, and its high valuation and volatility.