Stock Market Update
03-Dec-24 14:30 ET
Palantir higher after earning FedRAMP High Authorization, Seagate dips in S&P 500 after warning
Dow -60.32
at 44721.68,
Nasdaq +30.00
at 19433.95,
S&P -1.22
at 6045.93
[BRIEFING.COM] The S&P 500 (-0.02%) is narrowly lower on Tuesday afternoon.
Elsewhere, S&P 500 constituents Palantir Technologies (PLTR 71.18, +4.79, +7.21%), Axon (AXON 669.00, +32.61, +5.12%), and Molina Healthcare (MOH 313.61, +11.74, +3.89%) dot the top of the standings. PLTR leads after announcing it achieved FedRAMP High Authorization, while AXON caught a morning upgrade to Overweight at Morgan Stanley citing durable growth, strong police tech budgets, and AI adoption potential.
Meanwhile, Seagate Tech (STX 98.17, -4.99, -4.84%) is underperforming, weaker after announcing a Q3 revenue impact of $200 mln due to certain production delays.
