The Daily

Palantir (PLTR) stock fell Tuesday as Wall Street analysts debated whether its latest solid earnings report justified its soaring valuation.

Shares fell over as much as 10% in early Tuesday trading, erasing the 7% jump that came in the immediate wake of the report.

Palantir’s fourth quarter guidance came in above Wall Street’s expectations Monday after the bell despite some analyst concerns over the impact from the ongoing US government shutdown.

 » Read more about: Palantir stock falls amid valuation concerns despite Q4 outlook beating Wall Street estimates  »

Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City’s Wall Street.

 » Read more about: Why major financial firms are expanding Texas presence beyond traditional Wall Street hub  »

SMCI Technical Analysis

Super Micro Computer is going to be a little bit negative at the open as well, but it is hanging around the 50-day EMA, and the 200-day EMA sits just below there. I think we probably have a scenario where there are buyers underneath willing to get involved,

 » Read more about: PLTR, SMCI and TSLA Forecast – Major Tech Stocks Drop in Premarket Trading  »

 » Read more about: Cathie Wood buys $12 million of Peter Thiel backed crypto stock  »

Cathie Wood’s asset management firm Ark Investments purchased $12 million worth of shares of crypto exchange Bullish (NYSE: BLSH). Interestingly, this latest purchase of 238,000 BLSH shares comes despite its price dropping 27% over the past month.

ARK Invest has continued to increase its exposure to Bullish following the exchange’s recent New York Stock Exchange debut.

 » Read more about: Cathie Wood Snaps $12 Million of Bullish (BLSH) Stock Despite 27% Monthly Drop, Here’s Why  »

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By Bo Erickson

WASHINGTON (Reuters) -The U.S. government shutdown on Tuesday entered its 35th day, matching a record set during President Donald Trump’s first term for the longest in history, as Republicans and Democrats in Congress continue to blame each other for the standoff.

The toll increases by the day.

 » Read more about: US government shutdown ties record, as congressional inaction takes toll  »