It was a broad sell off across the board in the US stock market. Every Dow stock was lower. The largest decline was Intel with an additional decline of -6.40%. Apple fell -4.85% and Amazon fell -4.07%. The days of Intel in the Dow 30 is likely limited after its fall from grace over the last few years. Meanwhile, in the S&P every S&P sector was lower led by information technology at -3.78% and Telecommunications at -3.36%.The final numbers for the major indices shows: Dow Industrial Average average fell -1033.99 points or 2.60% at 38703.26S&P index fell -160.21 points or -3.00% at 5186.34.NASDAQ index fell by -576.08 points or -3.43% at 16200.08The Russell 2000 fell -70.14 points or -3.33% at 2039.16After closePalantir Technologies Inc (PLTR) 02 2024 (USD):Adj. EPS: 0.09 (beat, expected 0.08)Revenue: 678.1 mln (beat, expected 650 mln)Lucid Group (LCID) 02 2024 (USD):Adj.
EPS: -0.29 (missed, expected -0.26)Revenue: 0.20 bln (beat, expected 0.19 bln)CSX Corp (CSX) 02 2024 (USD):EPS: 0.49 (beat, expected 0.48)Revenue: 3.7 bln (met expectations, expected 3.7 bln)The Palantir earnings is catching attention and shares are up 16.44% in after hours trading. Lucid shares are up 13.33% after their earnings. This article was written by Greg Michalowski at www.forexlive.com.
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