Why Palantir Stock Is Gaining Today

Shares of Palantir Technologies (NYSE: PLTR) are climbing in today's trading session. The big data analytics company's stock was up roughly 5.5% as of 2:45 p.m. ET on Tuesday. Meanwhile, the Nasdaq Composite index was up roughly 1.7%.

Growth-dependent technology stocks are enjoying a day of strong bullish momentum in today's trading, and Palantir stock is getting a boost from the trend. The movement appears to be connected to news that progress is being made on negotiations that could bring an end to Russia's invasion of Ukraine.  

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Source Fool.com