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Market Retreats Amid Earnings, Tariff Uncertainty; Palantir Shines
Market Retreats Amid Earnings, Tariff Uncertainty; Palantir Shines
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BTCCSquare news:
US equities pulled back as investors weighed mixed corporate results and escalating trade tensions. The S&P 500 slid 0.5%, while the tech-heavy Nasdaq underperformed with a 0.7% decline. Palantir bucked the trend, surging 7% after crossing the $1 billion quarterly revenue milestone.
Trade concerns intensified as former President TRUMP floated 250% tariffs on pharmaceutical imports. The services sector showed unexpected weakness, with ISM's PMI dipping to 50.1 - barely clinging to expansion territory. Market volatility persists following Friday's jobs report shock and abrupt leadership changes at key economic agencies.
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