Wall Street, Palantir Technologies
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Wall Street held near its records in premarket trading Tuesday as traders digested the latest corporate earnings reports while waiting for fresh cues about interest rates from the Federal Reserve.
Wall Street continues to drift Wednesday while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports.
Wall Street was lower on Wednesday, as investors digested more retail earnings and await the Federal Reserve's latest meeting minutes. S&P 500 (SP500) -0.5%, the Dow (DJI) was near even, and the Nasdaq Composite (COMP:IND) -1.
Dow futures slipped slightly on Wednesday as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium.
Wall Street’s major averages have slipped on Wednesday as investors weigh a fresh round of retail earnings and digest the release of the Federal Reserve’s latest meeting minutes. Falling the hardest has been the tech focused Nasdaq Composite (COMP:IND) which has dropped 1.
Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.
U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.