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Palantir stock sinks lower on proposed US defense budget cuts
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Shares of Palantir Technologies (PLTR) continue to plunge lower, falling 10% on Monday and extending its losses over the past five trading sessions to nearly 25%.
Julie Hyman and Josh Lipton report on whether the stock is still reacting to news of Department of Defense Secretary Pete Hesgeth's proposed 8% cut to the US defense budget.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Luke Carberry Mogan.
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