Palantir Soars Amid S&P 500 Fluctuations as Nasdaq Listing Nears

The S&P 500 fell 1.3% as Federal Reserve Chair Jerome Powell's comments on potential rate cuts and strong retail sales data influenced market sentiment. Palantir Technologies' shares surged 11.1% after announcing a move to list on Nasdaq. Applied Materials' shares dropped 9.2% due to weak sales guidance, while Moderna and Pfizer shares fell amid vaccine-related political developments. Disney and DaVita saw gains, with Disney benefiting from strong streaming service performance.