Other tech giants also faced pressure with Broadcom Inc.(NASDAQ:AVGO) dropping 1.33%, Tesla Inc.(NASDAQ:TSLA) declining 0.34% and Meta Platforms Inc.(NASDAQ:META) falling 1.55%.In contrast, Apple Inc.(NASDAQ:AAPL) shares bucked the trend, rising approximately 1% after announcing plans for a $500 billion investment in the US over the next four years, along with the creation of 20,000 new jobs.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
Microsoft Corp.(NASDAQ:MSFT) shares fell 1.05%, reaching a 28-week low of $399.62, following reports that the company canceled leases for data center capacity in the U.S.
The story "Palantir Extends Losses, Microsoft Slides: What's Driving Markets Monday?" has 332 words across 18 sentences, which will take approximately 2 - 3 minutes for the average person to read.
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