Markets News, May 6, 2025: Stocks Fall for 2nd Straight Day as Investors Await Tariff News, Fed Decision; Palantir Plunges After Earnings

A trader looks at a tablet on the floor of the New York Stock Exchange
Traders work on th🎃e floor of the New York Stock Exchange on Tuesday.

Timothy A. Clary / AFP / Getty Images

Stocks closed lower Tuesday as investors digested a slew of earnings reports while awaiting new developments on tariffs and the results of the two-day Federal Reserve meeting that started today.

The S&P 500 and tech-heavy 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite fell 0.8% and 0.9%, respectively, while the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average dropped 1%, or nearly 400 points. Stocks were coming off a losing session on Monday that 澳洲幸运5官方开奖结果体彩网:snapped a nine-sessi꧂on winn🦋ing streak for the S&P 500, its 澳洲幸运5官方开奖结果体彩网:longest in two decades.

Over the past two weeks, stocks have recovered from the losses that followed President Trump's early-April announcement of plans to impose hefty tariffs on leading trading partners, notably China. Investors have grown optimistic that the White House will negotiate deals that will result in lower rates than Trump initially proposed, though the uncertainty about where trade policy will land has spurred concerns about the 澳洲幸运5官方开奖结果体彩网:outlook for the economy and 澳洲幸运5官方开奖结果体彩网:corporate profits.

Investors will be paying close attention to what the Fed has to say about the impact of tariffs on the economy and interest rates. The central bank 🍨澳洲幸运5官方开奖结果体彩网:isn't expected to adjust its benchmark rate this week, but market participants are eager to hear what Fed Chair Jerome Powell—who is scheduled to speak Wednesday afternoon following the policy committee meeting—says about the outlook.

Shares of companies reporting quarterly results were among the noteworthy movers Tuesday. Shares of Palantir (PLTR) plunged 12% even as the AI software maker reported 澳洲幸运5官方开奖结果体彩网:first-quarter earnings that were in line with Wall Street estimates and issued a rosy outlook. Constellation Energy (CEG), another AI investor favorite, jumped more than 10% to pace S&P advancers after reporting 澳洲幸运5官方开奖结果体彩网:higher-than-expected revenue on booming AI-related electricity demand.

Ford Motor (F) shares climbed nearly 3% after the automaker 澳洲幸运5官方开奖结果体彩网:reported first-quarter earnings that topped analysts’ expectations but suspended its full-year forecast amid uncertainty about tariffs. Shares of Mattel (MAT) also advanced about 3% after the toy maker s♍uspended its guidance and said it would raise prices in response t𒆙o the tariffs.

Mega-cap technology stocks, which powered the recent rally, were down across the board on Tuesday. Tesla (TSLA) fell nearly 2% as the EV maker's 澳洲幸运5官方开奖结果体彩网:European sales number continue showing weakness. Meta Platforms (META) was also down 2%, while Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOG) and Broadcom (AVGO) closed slightly lower.

Pharmaceutical stocks were also under pressure, following news that the Food and Drug Administration named Dr. Vinay Prasad, a critic of the Covid-19 response, as its top vaccine regulator. Moderna (MRNA) tumbled 12% to lead S&P 500 decliners, while Merck (MRK) dropped nearly 5% to lead decliners in the Dow and Eli Lilly (LLY) sank almost 6%.

Shares of Newmont Mining (NEM), the world's largest gold miner, rose nea🌄rly 3%, adding to yesterday's gains, as the price of the precious metal continued to rise. Gold futures were up 3.6% at $3,440 an ounce in late trading.

Crude oil futures rebounded from steep declines yesterday. West Texas Intermediate futures, the U.S. benchmark, rose 3.3% to $59 per barrel after hitting a four-year lo💧w on Monday. Energy and utilities were the only sectors that gained ground in the S&P 500 on Tuesday.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, 澳洲幸运5官方开奖结果体彩网:notably mortgages, dropped to 4.30% from 4.34% at yesterday's close. The U.S. dollar index, which measures the performance of the dollar aga🐼inst a basket o♊f foreign currencies, fell 0.6% to 99.25.

Bitcoin was at $94,700 in late-afternoon trading, up from an earlier low of $93,400. The digital currency was trading as high as $98,000 on Friday.

Biggest S&P 500 Movers on Tuesday

May 06, 2025 06:18 PM EDT

Decliners

Advancers

Ford Motor Company President and CEO Jim Farley stands between the Ford Mustang RTR (left) and the Ford Mustang GTD (right) at a Ford "Detroit Proud" event at the 2025 Detroit Auto Show at Huntington Place on January 9, 2025
Ford CEO Jim Farley speaks during an eve▨nt at the Detroit Auto Show ꧑in January.

Bill Pugliano / Getty Images

-澳洲幸运5官方开奖结果体彩网:Terry Lane

AMD Wavers in Extended Trading Despite Strong Earnings

May 06, 2025 05:44 PM EDT

Advanced Micro Devices (AMD) delivered first-quar𝐆ter earnings that topped analysts’ estimates as sales from its data center segment surged.

The chipmaker reported revenue of $7.44 billiꩵon, up 36% year-over-year and ahead of the analyst consensus from Visible Alpha. Adjusted net income of $1.57 billion, or 96 cents per share, rose from $1.01 billion, or 62 cents per share, a year earlier, above Wall Street’s estimates.

The gains came as AMD's data center sales climbed 57% to $3.67 billion, exceeding expectations.

“We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven b🦋y strength in our core businesses and expanding data center and AI momentum,” sa🐟id AMD CEO Lisa Su.

Japanese Prime Minister Shigeru Ishiba listens to Lisa Su, chairwoman and CEO of AMD, at the start of their meeting at the prime minister's official residence in Tokyo on April 17, 2025.
A𒆙MD CEO Lisa📖 Su speaks at the start of a meeting with Japanese Prime Minister Shigeru Ishiba last month in Tokyo.

Franck Robichon / Pool / Getty Images

AMD shares initially jumped in after-hour🅺s trading following the report but were down about 1% recently. The stock was down about 18% for 2025 through Tuesday’s close. 

Looking๊ ahead, AMD pro✃jected second-quarter revenue of $7.1 billion to $7.7 billion. Analysts had called for $7.3 billion.

The company warned its results would be affected by charges of roughly $800 million related to tightening restrictions on sales of its chips to China. Competitor Nvidia (NVDA) has also said it expects a potential 澳洲幸运5官方开奖结果体彩网:$5.5 billion charge related to limits on exports of its H20 c🥀hip.

“Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated product portfolio and consistent execution positioning us well for strong growth in 2025," Su said.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Ford Levels to Watch as Automaker Suspends Guidance

May 06, 2025 05:00 PM EDT

Ford (F) shares rose Tuesday, one day after the 澳洲幸运5官𝄹方开奖结果体彩网:automaker repoꦿrted quarterly results that t♑opped Wall Street expectations and suspended its full-year forecast amid auto tariff worries.

The stock is down more than 16% over the past 12 months as challenges in the company’s EV division and ongoing tariff concerns weigh on investor sentiment, though it's gained more than 20% from its early-April low.

Ford shares oscillated within a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern between July last year and April, potentially indicating a long-term 澳洲幸运5官方开奖结果体彩网:accumulation phase. More recently, the stock broke out above the pattern’s upper trendline but encountered resistance near the closely watched 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA)

TradingView.com.

It’s also worth noting that 澳洲幸运5官方开奖结果体彩网:trading volume declined during the move higher, suggesting that larger market participants, such as 澳洲幸运5官方开奖结果体彩网:institutional investors and hedge funds, remaine💮d on the sidelines ahead of the automaker’s quarterly report.

The stock closed above a key resistance level of $10.25 today, with the next key upside level to watch at $11.25. Investors should also monitor crucial support levels on Ford's chart around $9.50 and $8.50.

Ford shares gained 2.7% to close at $10.44 on Tues🌼day.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

What Analysts Think of Disney Stock Ahead of Earnings

May 06, 2025 04:15 PM EDT

The Walt Disney Company (DIS) is scheduled to report fiscal second-quarter results before the o🅠pening bell Wednesday, and analysts are largely bullish on the media and entertainment giant's stock.

Five of the seven analysts tracked by Visible Alpha who cover Disney rate the stock as a "buy," while the other two dub it a "hold." Their average price target is $120, a 30% premium to the stock's closing level on Tuesday of around $92, suggesting analysts think shares will reverse their roughly 19% decline since the end of February.

The conglomerate is expected to repo𒐪rt second-quarter revenue of $23.17 billion, up 5% year-over-year, while adjusted earnings per share are expected to haꦫve declined by a penny to $1.20.

UBS analysts recently reiterated their "buy" rating in a note previewing Disney's earnings, but trimmed their price target to $105 from $130. The analysts said they expect the firm's second quarter to "reflect resilient demand across the parks, initial upside from the new cruise ship and solid sports advertising," but see "recession risk" in the second half of the fiscal year that could hit advertising revenue and park visits.

澳洲幸运5官方开奖结果体彩网:Last quarter, Disney's revenue and profit topped estimates, but it reported a slight drop in Disney+ subscribers to 124.6 million, and said it expected another "modest decline" in the second quarter. The Visible Alpha consensus calls for 123.6 million Disney+ subscribers at the end of the second quarter.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

What You Need to Know Abut the Fed Policy Meeting

May 06, 2025 03:40 PM EDT

The Federal Reserve's two-day monetary policy meeting kicked off Tuesday, and officials will likely discuss how tariffs are working through the economy.

Central bankers are deliberating over 澳洲幸运5官方开奖结果体彩网:monetary policy and are scheduled to release their decision about their key federal funds rate after the meeting at 2 p.m. on Wednesday. Following the announcement, Fe☂d Chair Jerome Powell is expected to hold a press conference at 2:30 p.m.

US Federal Reserve Chair Jerome Powell speaking at the Economic Club of Chicago on April 16, 2025.
Fed Chair Jerome Powell speaks at 🦩an event in April.

Kamil Krzaczynski / AFP / Getty Images

The Fed c𝐆an either lower interest rates to boost the economy or raise them to push down inflation.

So far this year, central bankers have chosen to keep the fed funds rate unchanged at an elevated level. That streak of inaction 澳洲幸运5官方开奖结果体彩网:is likely to continue, according to the CME Group's F🔥edWatch tool, which is pricing in just a 3.1% chance of a fed rate cut Wednesday.

At future meetings, the Fed may be forced to choose whether to fight inflation by keeping interest rates high, or boosting the economy to defuse tariff-induced job losses. So far, the economy has been resilient against the import taxes, which economists expect to increase prices and cost jobs.

It usually takes about three months for shocks to the economy to translate into worsening "hard data" such as the unemployment rate, David Mericle, economist at Goldman Sachs, wrote in a commentary this week. That suggests impacts from the tariffs, which went into effect in April, should start setting off alarm bells in official government data this summer.

Because of that, financial markets expect rate cuts to begin in July.

If the Fed holds rates steady as expected, Trump is unlikely to be pleased by thꦜe decision.

Last month, Trump 澳洲幸运5官方开奖结果体彩网:took to social media to angrily demand🐼 the Fed cut inte🔴rest rates, increasing political pressure on the Fed's policy committee, which is not under the White House's direct control. On Sunday, he reiterated his criticisms during an interview on "Meet the Press," calling the Fed "stubborn."

"Well, [Powell] should lower them. And at some point, he will. He’d rather not because he’s not a fan of mine. He just doesn’t like me because I think he’s a total stiff," Trump said. "I wish the people that are on that board would get him to lower because we are at a perfect time. It’s already late."

Despite the demands, Trump also said he had 澳洲幸运5官方开奖结果体彩网:no plans to fire Powell, whose term ends in 2026, walking bac⛎k previous thre𒅌ats.

-澳洲幸运5官方开奖结果体彩网:Diccon Hyatt

Sweetgreen Stock Drops After a Pre-Earnings Downgrade

May 06, 2025 02:51 PM EDT

Sweetgreen is wilting. 

Shares of the salad chain dropped early Tuesday, falling nearly 8% in recent trading after JPMorgan analysts downgraded the shares and cut their price target to below the Visible Alpha average. They now have a “neutral” rating on Sweetgreen (SG) stock, down from “overweight,” along with a $25 target, below the roughly $30 mean. Their prior tar♓get, at $32, was among the Street's highest.

JPMorgan expressed worry about dem♐and, oversupply of 🙈restaurants and negative free cash flow.  

“We believe there is a need for Sweetgreen to imp🧜rove its relative value proposition by 1) foregoing pricing in the near-medium term, 2) reinvesting in food portions (especially in the digital pickup/delivery channels), 3) developing & effectively communicating entry level price points, and 4) increasing returns on marketing/advertising spend,” they wrote. 

The downgrade arrives as some food chains are sharing concerns about demand and consumer health. Fast-food standouts offer some recent examples: Wendy’s (WEN) recently said its sales 澳洲幸运5官方开奖结果体彩网:may fall this year, while McDonald’s (MCD) has warned of economic stress seeping into the 澳洲幸运5官方开奖结果体彩网:middle-income segment. American consumers have 澳洲幸运5官方开奖结果体彩网:continued to spend, but some observers worry about flagging se🎶ntiment.  🎶

The slide in Sweetgreen’🐭s shares has the stock down more than 40% this year so far, a rough start ahead of q꧂uarterly financial results due Thursday afternoon.

Analysts are expecting first-quarte🐈r revenue of $164.8 million and a nearly $26 million net loss, according to Visible Alpha.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

How Much Traders Expect AMD to Move After Earnings

May 06, 2025 02:05 PM EDT

Advanced Micro Devices (AMD) is scheꦍduled to report first-quarter earnings after the closing bell. Traders are expecting a modest post-earnings move from the stock, which has fallen so far this year.

Options pricing suggests traders are positioning for AMD stock to move nearly 8% in the days after it reports. An 8% jump off Monday’s closing price would put the stock at about $108.50, its highest price since late March, and an🐎 8% decline would put it around $92.50, erasing all of the stock’s gains from the last week. 

A move of that magnitude—in either direction—would be about in line with AMD's average post-earnings swing over the past four quarters, which comes out to 7.5%.

 The stock tumbled more than 6% the day after its fourth-quarter data center revenue, which rose 69% from the prior year, 澳洲幸运5官方开奖结果体彩网:fell short of expectations in February. Shares dropped more than 10% on AMD's 澳洲幸运5官方开奖结果体彩网:disappointing earnings report in October.

Analysts expect AMD to ꧃report first-quarter data center revenue rose 55% to $3.6 billion, driving total sales growth of 30%. Aꦫdjusted earnings are expected to jump more than 50% year-over-year to $1.55 billion, or 94 cents a share.

Analysts 澳洲幸运5官方开奖结果体彩网:are split on the outlook for AMD and its stock heading into Tuesday’s earnin⛦gs. Half of the 12 analysts tracked by Visible Alpha rate AMD stock a buy, while five assign it a “hold” rating and one recommends selling. The consensus price target is $123.50, implying a 23% return from Monday’s close.🌞 

AMD shares were down about 2% in mid-afternoon trading on Tuesday. The stock has lost about 18% of its vꦗalue since the start of the year.

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Tesla Falls as Bad News About Europe Sales Keeps Coming

May 06, 2025 01:24 PM EDT

Tesla (TSLA) shares slid Tuesday, extending Monday's decline as bad news continues to pile up about the electric v𓄧ehicle giant's sales in Europe.

Tesla vehicle registrations, often used as a proxy for sales, declined 46% in Germany and 62% in the United Kingdom in April compared to a year earlier, according to data 🍸released Tuesday by industry groups in the respective countries.

The data comes a day after 澳洲幸运5官方开奖结果体彩网:similarly disappointing figures out of Spain, which showed that Tesla's Model 3 and Model Y declined in April. Registrations in the month were down 55% to 81% in other European countries like Belgium and Sweden, Bloomberg  reported Tuesday.

This photo shows people walking by a Tesla dealership in Spain.
A Tesla dealership in Valencia,🌟 Spain, on April 22, 2025.

Michael Robinson C༺havez / Bloomberg / Getty Images

The declines come even as Tesla has ramped up production of its revamped Model Y, which was released earlier this year and some 澳洲幸运5官方开奖结果体彩网:analysts hoped would lead to a sales boost. The company said when it reported first-quarter production and deliveries 澳洲幸运5官方开奖结果体彩网:last month that its changeover to man🔴ufacturing the n🔯ew Model Y cost it several weeks of production.

Tesla has been the 澳洲幸运5官方开奖结果体彩网:target of protests in recent months as people in the U.S. and abroad have looked to voice their displeasure about CEO Elon Musk's involvement in the Trump administration. Musk said during last month's earnings call that he 澳洲幸运5官方开奖结果体彩网:plans to scale back his 𓂃government work to one or two days per week this month, and focus more on Tesla.

Tesla shares were down 2% in𒀰 recent trading, and have lost more than 30% of their value so far this year.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Constellation Energy Soars as AI Demand Boosts Revenue

May 06, 2025 12:19 PM EDT

Constellation Energy (CEG) shares soared Tuesday as the nuclear power utility beat operatin🗹g revenue forecasts and kept its 2025 outlook steady despite weaker-than-expected profit, as it continued to benefit from AI-related electricity demand.

Constellation reported first-quarter operating revenue rose more than 10% year-over-year to $6.79 billion, while analysts at Visible Alpha were looking for $5.44 billion. However, adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.14 came in below expectations. Still, the company affirmed its previous full-yea🦩꧃r adjusted EPS guidance of $8.90 to $9.60.

CEO Joe Dominguez said Constellation "is working hard to meet the power needs of customers nationwide, including powering the new AI products that Americans increasingly are using in their daily lives and that businesses and government are using to provide better products and services." Dominguez noted that both former President Joe Biden and President Donald Trump repeatedly emphasized that "it is vital for our national security and for our economy that America lead the AI race, and I am so proud that Constellation is playing such an important role." 

The company added that its $26.6 billion purchase of natural gas and geothermal energy firm Calpine 澳洲幸运5官方开奖结果体彩网:announced in January is on track to be completed by the end of tꦦhe year. 

CEG vs S&P 500 price chart since start of 2024
Since the start of 2024, Constellation Energy shares have gained nearly 🌳140%, far outpacing the performance of the S&P 500 over that stretch.

TradingView

Including today's 11% surge, shares of Constellation Energy are up about 23% since the start of the year. The stock nearly doubled in 2024, making it one of the top performers in the S&P 500, as it benefitted from booming AI demand.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Vertex Pharmaceuticals Stock Sinks as Costs Soar

May 06, 2025 11:33 AM EDT

Shares of Vertex Pharmaceuticals (VRTX) tumbled Tuesday, a da🤪y after the biotech firm reported worse-than-expected results as costs increased.

Vertex posted first-quarter adjusted ea꧙rnings per share of $4.06, with revenue rising 3% year-over-year to $2.🦹77 billion. Analysts surveyed by Visible Alpha were looking for $4.19 and $2.83 billion, respectively.

U.S. revenue grew 9% to $1.66 billion in part because of higher prices. However, outside the U.S. revenue dropped 5% to $1.11 billion because of a decline in sales in Russia, where the company said it is "experiencing violation of its intellectual property rights."

Total expenses skyrocketed nearly 40% to $2.14 billion, which Vertex blamed mostly on "continued R&D investment in support of multiple mid- and late-stage clinical development programs and increased commercial investment to support the launch of JOURNAVX," its non-opioid pain medicine. In addition, it also had a $379.0 million intangible asset 澳洲幸运5官方开奖结果体彩网:impairment charge associated with its experimental diabetes treatment VX-264, which it won't be advancing f🐻or additional clinical development.

Vertex raised the low end of its full-year 🎀revenue guidance to $11.85 billion from $11.75 billion as it sees continued growth in demand for its cystic fibrosis drugs, including the recently launched Alyftrek. The company did not change its upper end outlook of $12.0 billion.

Vertex shares were do♈wn 11% recently. Even with today’s slide, the stock is up 10% in 2025.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

DoorDash Drops After Revenue Miss, Deal News

May 06, 2025 10:35 AM EDT

DoorDash shares are sinking Tuesday after the food-delivery company posted first-quarter revenue that undershot analysts' forecasts.

DoorDash—which separately announced that it was buying U.K. firm Deliveroo for 澳洲幸运5官方开奖结果体彩网:nearly $4 billion and restaurant booking platform SevenRooms for $1.2 billion—had announc🐲ed yest♏erday that it was moving forward its results to before markets opened Tuesday instead of after the bell Wednesday.

The San Francisco-based company reported Q1 revenue of $3.03 billion, below the $3.10 billion expectation of analysts polled by Visible Alpha. Earnings per share of $0.44 topped est𝓰imates of $0.39.

For the second quarter, DoorDash sees Marketplace GOV—the total dollar value of orders completed on its Marketplaces—of $23.3 billion to $23.7 billion and adjusted 澳洲幸运5官方开奖结果体彩网:EBITDA between $600 million and $650 million. Analysts expect $23.5 billio☂n and $633.1 million, respectively, per Visꦫible Alpha.

DoorDash stock versus S&P 500 chart YTD

TradingView

DoorDash shares sank more than 8% in early trading Tuesday. The stock is still up 12% since the start ✱of the year, handling outperforming the S&P 500.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Will the Strength in Corporate Earnings Last?

May 06, 2025 09:47 AM EDT

Some market watchers warn that investors are underestimating the pain that's just over the horizon.

Solid earnings reports rolled in last week, helping the S&P 500 notch its longest winning streak in two decades. Growth has 澳洲幸运5官方开奖结果体彩网:handily exceeded expectations so far this quarter. And 澳洲幸运5官方开奖结果体彩网:share-buyback announcements have surged to a record, according to a Deutsche Bank analysis, marking ano🧸ther sign of strength.

The outlook for corporate America has remained resilient despite 澳洲幸运5官方开奖结果体彩网:all the uncertainty   created by President Donald Trump’s tariff policies. Analysts have cut their earnings expectations for the current quarter by 2.6%—𝐆more than average but not apocalyptic, according to Deutsche Bank analysts led by Chief Strategist Binky Chadha.

But there's a catch. "Many companies are either not incorporating the tariff impact into their guidance or suspending it given the uncertainty, and in our reading, analysts are, in turn, waiting for more clarity before adjusting numbers,” the analysts wrote in a note on Friday.

The absence of tariff-impact forecasts, they suggest, is why they see “significant potential downside to 澳洲幸运5官方开奖结果体彩网:consensus earnings estimates."

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

Palantir Levels to Watch Amid Post-Earnings Sell-Off

May 06, 2025 09:00 AM EDT

Palantir Technologies (PLTR) raised its full-year outlook but disappointed investors with 澳洲幸运5官方开奖结果体彩网:mostly in-line quarterly results, sending shares in the analy𒐪tics software provider sharp🐲ly lower in premarket trading Tuesday.

The company late Monday reported first-quarter revenue of $884 million, up 39% year-over-year and above the analyst consensus. Adjusted earnings per share of 13 cents, rose from 8 cents per share a year earlier, in line with Wall Street’s estimates. Investors may have been looking for more, after the AI darling posted blowout results in February and November.

Ahead of the highly anticipated earnings report, Palantir shares were up 64% since the start of the 🗹year and had soared more than five-fold over tꦰhe past 12 months. The stock has been boosted by optimism that the software maker would benefit from increasing enterprise AI deployments and federal initiatives to improve government efficiency. 

Source: TradingView.com.

After setting their record high in mid-February, Palantir shares consolidated within a 澳洲幸运5官方开奖结果体彩网:falling wedge before breaking out above the pattern last month. More recently, the stock has rallied to its highest level since mid-February but found significant selling pressure around its record high as the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) crossed into overbought territory.

Indeed, the stock looks set to continue its retreat from this important 澳洲幸运5官方开奖结果体彩网:technical  location on Tuesday, possibly forming a 澳洲幸运5官方开奖结果体彩网:double top pattern in the process.

Investors should watch major support levels on Palantir's chart around $97, $83 and $66, while also monitoring a key overhead area near $125.

Palantir shares were down 8% at around $114 in recent premarket trad♏ing.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Futures Point to Lower Open

May 06, 2025 08:17 AM EDT

Futures tied to the Dow ꦫJones Industrial Average were down 0.7%🍎.

DJIA futures - May 6, 2025

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S&P 500 futures were off 0.9%.

S&P 500 futures - May 6, 2025

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Nasdaq 100 futures dropped 1.1%.

Nasdaq 100 futures - May 6, 2025

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