Why is pltr down today?

Palantir's stock decline of 5.17% today can be attributed to a combination of factors:

1. Recent Tariff Concerns and Economic Uncertainty: The stock's volatility is partly due to concerns about the potential impact of President Trump’s tariffs on inflation and the economic slowdown in 2025. Additionally, the administration's plans to lower defense spending have further contributed to the uncertainty surrounding Palantir's future.
2. Disappointing Jobs Data and Cool Inflation Report: The broader market sentiment could also have played a role in the decline of tech stocks, including Palantir. Following the release of the cooler-than-expected inflation data, traders appeared to be selling tech stocks, which could have contributed to the downturn in Palantir's stock price. This trend was part of a broader market movement where technology and communication services sectors, including Palantir, faced significant declines as investors reallocated to sectors that could benefit from potential interest-rate cuts triggered by the expectation of lower inflation.

In summary, Palantir's stock decline today is likely a result of a combination of factors including concerns about the impact of tariffs and economic slowdown, disappointing jobs data and cool inflation report.