Why Palantir Stock Is Jumping Today
Palantir Technologies (NASDAQ: PLTR) stock is surging Friday. The software specialist's share price was up 6.3% as of 3:20 p.m. ET. At the same point in the day's trading, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1.1% and 1.3%, respectively.After sell-offs in Thursday's trading, growth stocks are rebounding today -- and Palantir is benefiting from the momentum. The latest U.S. jobs report from the Bureau of Labor Statistics (BLS) has investors feeling bullish and is helping to power a rebound for growth stocks after sell-offs yesterday.Image source: Getty Images.Continue reading
Palantir Technologies (NASDAQ: PLTR) stock is surging Friday. The software specialist's share price was up 6.3% as of 3:20 p.m. ET. At the same point in the day's trading, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1.1% and 1.3%, respectively.
After sell-offs in Thursday's trading, growth stocks are rebounding today -- and Palantir is benefiting from the momentum. The latest U.S. jobs report from the Bureau of Labor Statistics (BLS) has investors feeling bullish and is helping to power a rebound for growth stocks after sell-offs yesterday.
Image source: Getty Images.
