Stock Market Declines: Major Moves from Palantir, Applied Materials, and Ulta Beauty

Reported 8 days ago

Stocks fell sharply on Friday as momentum from the post-election rally waned, with the S&P 500 down 1.6% and the Nasdaq Composite down 2.6%. Applied Materials plunged 8.8% after giving a disappointing outlook, while Palantir surged 8.6% upon announcing a switch to the Nasdaq. Ulta Beauty's stock dropped 4% following the sale of nearly all its shares by Berkshire Hathaway, marking a 24% decline year-to-date.

Source: YAHOO

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