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Closing Bell: Palantir Rises on Forecast, Walmart's $1 Trillion Market Cap, Homebuilders Climb
Description
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec
On this episode of Stock Movers:
- Palantir (PLRT) shares rose following a revenue forecast for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year.
- Walmart (WMT) ended the day higher as a rally pushed its market capitalization past $1 trillion on Tuesday for the first time ever, vaulting the world’s largest retailer into a category typically occupied by Big Tech firms such as Nvidia and Alphabet
- Homebuilders (S5HOME) rose on news broke of a massive program to develop “Trump Homes” that would address the US affordability crisis while allowing private capital to deploy many billions of dollars.
- Novo Nordisk (NVO) shares dropped after the drug company said its sales will drop this year as its blockbusters Ozempic and Wegovy face ever-tougher competition and the company gets hit by the US government’s push to cut drug prices.
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