U.S. Stocks Set to Drop with Focus on Fed, Oil-Price Fall

U.S. stock futures were pointing to losses early on Monday after the S&P 500 notched its longest winning streak in more than 20 years last week, with investors looking ahead to the Federal Reserve meeting. S&P 500 futures were dropping 0.6% and Nasdaq 100 futures were falling 0.6%. The key event of the week for investors will be Federal Reserve Chair Jerome Powell’s remarks Wednesday, following a two-day meeting of the Fed’s rate-setting committee, where the central bank is widely expected to keep interest rates steady despite President Donald Trump’s call for an immediate cut.

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Should You Buy Palantir Stock After Its 57% Gain in 2025? Wall Street Has a Clear Answer for Investors.

Among 27 Wall Street analysts, Palantir has a median target price of $96 per share, which implies 20% downside from its current price of $120 per share. Palantir currently has a price-to-earnings-to-growth (PEG) ratio that exceeds 8, which is an outrageously expensive valuation by any standard. Palantir Technologies (NASDAQ: PLTR) was the best performing stock in the S&P 500 (SNPINDEX: ^GSPC) in 2024.

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