Wall Street Drops on Stagflation Fears

Stocks slide as growth slows; Palantir rallies on AI optimism

TL;DR:

• 📉 Wall Street drops on stagflation concerns
• 🚨 Trump fires BLS chief after jobs report
• 🤖 Palantir jumps 6% on AI momentum
• 💡 Fed, BLS appointments and global data ahead

📉 Wall Street Drops on Stagflation Concerns

U.S. equity markets finished lower, pressured by persistent stagflation concerns as economic growth lagged while inflation stayed elevated. The broad market retreat highlights investor caution in the face of mixed economic signals and rising uncertainty. Source

🚨 Trump Fires BLS Chief After Jobs Report

President Trump abruptly dismissed the head of the Bureau of Labor Statistics following a controversial jobs report, signaling potential changes in economic data oversight. The move rattled some investors and raised fresh questions about the independence of federal statistical agencies. Source

🤖 Palantir Jumps 6% on AI Momentum

Palantir shares surged 6% after the company reported robust demand for its AI-driven products, outpacing analyst expectations. The rally underscores continued investor appetite for artificial intelligence stocks in an otherwise cautious market. Source

💡 Fed, BLS Appointments and Global Data Ahead

Markets are watching for Trump’s pending appointments to the Federal Reserve and BLS, as well as several key global economic releases, including India’s RBI rate decision and Eurozone retail sales. These events are likely to set the tone for short-term market direction. Source Source