Morning Briefing: Palantir stock is surging on a big army contract win

Moomoo Breakfast US wrote a column · Oct 6, 2021 18:42

Morning Briefing: Palantir stock is surging on a big army contract win

By Julianna

Hey, mooers! Here are things you need to know before the opening bell:

- U.S. stock futures pointed to a big decline Wednesday as October continued to be volatile amid concerns about rising rates, higher inflation, the state of the reopening and the debt limit.

- Palantir Technologies stock is trading sharply higher after the software company said it won the vast majority of an $823 million program to provide data and analytics software to the Army.

Market Snapshot

U.S. stock futures pointed to a big decline Wednesday as October continued to be volatile amid concerns about rising rates, higher inflation, the state of the reopening and the debt limit.

Futures on the Dow Jones Industrial Average fell 346 points, or 1%. S&P 500 futures shed 51 points and Nasdaq 100 futures lost 194 points.

Source: Bloomberg

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