NEW YORK, December 28, 2025, 18:28 ET — Market closed.
- Palantir closed down 2.8% on Friday at $188.71.
- U.S. stocks ended nearly flat in thin post-Christmas trading, with investors looking ahead to Fed minutes due Tuesday.
- Palantir’s last earnings update (Nov. 3) included a fourth-quarter revenue forecast above Wall Street estimates.
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.
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.
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.
Palantir traded between $188.62 and $196.35 on Friday, with 26.3 million shares changing hands, market data showed.
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.
“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. Reuters
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. Reuters
Palantir has been among the year’s biggest gainers, benefiting from investor enthusiasm around artificial intelligence-linked software and government technology spending.
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.
Palantir reported third-quarter revenue of $1.18 billion and earnings of 21 cents per share, both topping expectations, Reuters reported.
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.
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.
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.
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.
Palantir has not announced its next earnings date; Wall Street Horizon lists Feb. 2, 2026 as an unconfirmed date for its fourth-quarter report.
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.
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