Palantir stock jumped 7.9% and hit its highest close ever after reporting over $1 billion in revenue

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Palantir hit a record high on Tuesday, closing with a 7.9% jump, but it wasn’t enough to stop the rest of the market from sliding. The S&P 500 dropped 0.49% to close at 6,299.19, while the Nasdaq Composite fell 0.65%, ending at 20,916.55. The Dow gave up 61.90 points, closing at 44,111.74. That came just one day after the Dow had rebounded almost 600 points from Friday’s steep 500-point loss, triggered by a weak jobs report that showed long-running cracks in the U.S. labor market. The pressure o...