Tesla, Palantir Fall as CPI Sends September Fed Hike Odds to 33%
benzinga_article·
- Tesla Inc. and Palantir Technologies Inc. experienced share price declines despite a benign July inflation report that drove the S&P 500 and Nasdaq higher.
- Headline CPI rose 0.1% in July for an annual rate of 3.4%, lowering September Federal Reserve rate hike odds to 33% on Polymarket.
- Palantir was affected by a capital rotation from software into AI hardware, while Tesla failed to benefit from the broader rate-sensitive growth relief rally.
