NEW YORK, December 28, 2025, 18:28 ET — Market closed.
- Palantir closed down 2.8% on Friday at $188.71. [1]
- U.S. stocks ended nearly flat in thin post-Christmas trading, with investors looking ahead to Fed minutes due Tuesday. [2]
- Palantir’s last earnings update (Nov. 3) included a fourth-quarter revenue forecast above Wall Street estimates. [3]
Palantir Technologies (PLTR.O) shares fell 2.8% on Friday, closing at $188.71 as U.S. markets headed into the final stretch of the year. [4]
The decline stood out in a muted, post-Christmas session that left Wall Street little changed and trading volumes light, a setup that can magnify moves in momentum stocks. [5]
That matters now because investors are weighing year-end positioning and a fresh slate of macro catalysts, including Federal Reserve minutes due Tuesday, Dec. 30, that could shape expectations for 2026 rate cuts. [6]
Palantir traded between $188.62 and $196.35 on Friday, with 26.3 million shares changing hands, market data showed. [7]
The Dow slipped 0.04%, the S&P 500 eased 0.03% and the Nasdaq fell 0.09%. Nvidia rose 1% after it agreed to license chip technology from startup Groq and hire its CEO, Reuters reported. [8]
“We had a very strong five-day rally, so in a way we’re just simply catching our breath today after the holiday,” said Ryan Detrick, chief market strategist at Carson Group. [9]
Market participants have been watching for a “Santa Claus rally” — the last five trading days of the year and the first two of the new one — which some investors view as a sentiment gauge for the year ahead. [10]
Palantir has been among the year’s biggest gainers, benefiting from investor enthusiasm around artificial intelligence-linked software and government technology spending. [11]
The company last updated investors on Nov. 3, when it forecast fourth-quarter revenue of $1.327 billion to $1.331 billion — above analysts’ estimates — and raised its 2025 revenue outlook to $4.396 billion to $4.40 billion. [12]
Palantir reported third-quarter revenue of $1.18 billion and earnings of 21 cents per share, both topping expectations, Reuters reported. [13]
Before Monday’s session, investors will be watching whether the S&P 500 can reach 7,000 for the first time, a milestone the index was about 1% away from last week, Reuters reported. [14]
The Fed minutes on Tuesday, Dec. 30 will be parsed for clues on the rate outlook, while year-end portfolio adjustments can add volatility during a period of thin holiday trading. [15]
A rotation out of technology has also been on investors’ radar, after the S&P 500 tech sector fell more than 3% from the start of November even as other groups strengthened, Reuters reported. [16]
For Palantir, traders will be watching whether the stock can hold above the $190 area after Friday’s slide from an intraday high near $196. [17]
Palantir has not announced its next earnings date; Wall Street Horizon lists Feb. 2, 2026 as an unconfirmed date for its fourth-quarter report. [18]
Until the company provides its next update, investors are likely to gauge the shares against Palantir’s existing fourth-quarter revenue outlook and any shifts in risk appetite as markets close out 2025. [19]
References
1. www.wsj.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.wsj.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.wsj.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.wsj.com, 18. www.wallstreethorizon.com, 19. www.reuters.com
