Stocks rise and oil prices ease
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Because of its high valuation, Palantir stock is exceptionally vulnerable to bad news.
AppLovin shares are under pressure due to "SaaSpocalypse" concerns that don't seem legitimate in the long run.
Highlights from the US stock market: Stocks drop again as uncertainty reigns about Trump’s tariffs
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
Atlassian isn't worth $190 anymore -- but it could still double from here.
Hermes said its performance in the Middle East was significantly impacted and results in France—where more than 50% of sales are linked to travelers—were also hit.
The stock market tumbled March 3, with one index on pace for its worst day in nearly a year as the U.S. conflict with Iran worries investors.
Hertz Global Holdings (NASDAQ:HTZ) stock is down 7% in midday trading, slipping from $6.99 to less than $6.50. Avis Budget Group (NASDAQ:CAR) stock is also retreating 7%, moving from $411.56 to $382 and change.
Microsoft stock has also dropped as concerns about Copilot, its AI tool continue. While millions of customers are using its free version, only a small percentage of them are willing to pay for it. Instead, customers are opting for other mainstream tools like Claude, Grok, and ChatGPT.