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NYSE:RXT 20 February 2026

Palantir (PLTR) stock price slips as DHS $1 billion deal report collides with Rackspace tie-up, Mizuho upgrade

Palantir (PLTR) stock price slips as DHS $1 billion deal report collides with Rackspace tie-up, Mizuho upgrade

Palantir shares fell 1.5% to $132.89 Friday after the company won a five-year U.S. Homeland Security contract worth up to $1 billion, according to SiliconANGLE. The stock traded on heavy volume and lagged sector peers despite a new Rackspace partnership and an analyst upgrade. Palantir forecast 2026 revenue of up to $7.2 billion earlier this month.

Stock Market Today

  • Energy Sector Surges Nearly 38% in Q1 2026 Amid Broader Market Decline
    April 3, 2026, 6:29 AM EDT. The first quarter of 2026 saw the S&P 500 dip into negative territory as global uncertainty and inflation weighed on broadly diversified stocks. Yet, the energy sector defied the trend, rallying nearly 38% due to tight global supply, strong refining margins, and sustained geopolitical risks in the Middle East. Oil and gas producers led with an average gain of 45%, driven by rising commodity prices and disciplined capital strategies. Upstream companies, including Kosmos Energy and ConocoPhillips, posted exceptional returns, with Kosmos surging over 200%. Midstream firms, benefiting from steady volumes and supportive pricing, also posted double-digit gains. This performance highlights the critical importance of sector selection during periods of broader market uncertainty.
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