Shares of several software and broader technology sector companies, including Palantir Technologies Inc (NASDAQ:PLTR), are trading lower following a rise in US Treasury yields, which has pressured growth sectors.
The 10-year Treasury yield hit an intraday high of 1.686% Tuesday morning before dipping to around the 1.663% level. Overall market volatility is persistent during Tuesday's session as investors continue to weigh omicron concerns.
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Palantir Technologies provides organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes.
Palantir Technologies has a 52-week high of $45.00 and a 52-week low of $17.06.
