PLTR - What's Going On With Palantir Technologies (PLTR) Shares? | Benzinga

Palantir Technologies Inc (NYSE:PLTR) shares are trading lower by 2.4% to $23.43 Tuesday, despite a lack of company-specific news for the session. Shares of several software and cybersecurity stocks are trading lower ahead of Wednesday’s Fed meeting and due to concerns about interest rates. The Federal Reserve Open Market Committee (FOMC) meeting starts on Tuesday and ends on Wednesday.

Additionally, the Bank of Japan’s decision to abandon its long-held negative interest rate policy has potentially added to market unease ahead of the Fed’s decision. With no significant drivers in the market, pre-Fed session nervousness might keep sentiment subdued.

Higher interest rates can impact the present value of future cash flows, which affects the valuation of growth stocks like Palantir. Investors may anticipate that rising interest rates could increase borrowing costs for companies, potentially slowing down economic growth and affecting the performance of technology stocks.

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