Tech Stocks Drop, Palantir Plunges Over 8%: What's Moving Markets Tuesday?

Benzinga
2025.08.19 17:46
portai
I'm PortAI, I can summarize articles.

Tech stocks experienced a decline on Tuesday, with the Nasdaq 100 down 1.4% and Palantir Technologies plunging over 8%. Investors took profits following a recent rally, while the S&P 500 and Russell 2000 also fell. The market's focus shifted to upcoming comments from Federal Reserve Chair Jerome Powell. In commodities, crude oil and gold prices dropped, and cryptocurrencies lost approximately $110 billion in market capitalization. Notable stock movements included Intel rising 7% after a major investment and Viking Therapeutics plummeting 41% due to trial results.