Palantir Stock Jumps as Listing Heads to Nasdaq | Global News Avenue

Fed Chairman Jerome Powell said major U.S. stock indexes ended the trading week lower Central banks have room to maneuver Ease interest rate cuts if necessary.

At the same time, retail sales data for October was also released. stronger than expectedDespite election uncertainty and the impact of several major storms, consumer spending remains strong. While strong retail sales data is a sign of economic resilience, it could provide more flexibility for the Fed to consider the urgency of further rate cuts.

The S&P 500 fell 1.3% and the Dow fell 0.7%. Poor performance by technology stocks sent the Nasdaq down 2.2%.

Applied Materials Corporation (huge) beat top-line and bottom-line expectations for the recently completed quarter, but the semiconductor equipment provider Provides lower-than-expected sales guidance for the quarter. Applied Materials shares fell 9.2% on Friday, the biggest decliner in the S&P 500.

Shares of marketing and corporate communications company Omnicom Group (OMC) dropped 7.8%. In its latest financial report released a month ago, Omnicom Group’s sales and profits exceeded expectations, thanks to its acquisition of digital commerce platform Flywheel Digital, which was completed earlier this year. However, analysts said Omnicom faces challenges such as cost management, economic uncertainty and possible technology disruption.

modern (messenger RNA) Shares fell 7.3% following reports President-elect Donald Trump Intending to nominate Robert F. Kennedy, Jr.As leader of the Department of Health and Human Services, he publicly expressed skepticism about vaccines. Kennedy said he would push for major changes at the U.S. Food and Drug Administration (FDA). Shares of vaccine maker Pfizer (PTFE) fell 4.7%.

Palantir Technologies (PLTR) The stock was the best performer among S&P 500 stocks on Friday, soaring 11.1%. The analytics software company announced it will transfer its stock listing From the New York Stock Exchange to the Nasdaq. Palantir’s Class A shares will begin trading on the Nasdaq Global Select Market and will maintain the “PLTR” ticker, the company said.

Walt Disney Stock (DIS) surged 5.4% on Friday, following gains in the previous session following the entertainment giant’s Highest consensus estimate and its fiscal fourth-quarter revenue and adjusted profit. Disney’s streaming service delivered strong profit growth, while its Experiences segment, which includes theme parks and cruise ships, saw year-over-year revenue growth.

DaVita (two) shares rose 3.9%. Friday’s gains extend the stock’s recovery from a sharp post-earnings selloff. In an Oct. 29 report, the kidney dialysis provider missed quarterly profit expectations. Despite falling net profits and rising costs, analysts remain optimistic about DaVita’s operational success and growth potential.