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Palantir Technologies Inc. (NASDAQ:PLTR) shares are trading higher during Wednesday’s premarket session. The upward movement follows a significant de-escalation in Middle East tensions after President Donald Trump announced a two-week ceasefire regarding strikes on Iran.
Ceasefire Terms Fuel Market Optimism
The rally across the tech sector comes after Trump posted on Truth Social that he agreed to suspend attacks. The deal, brokered with Pakistani leadership, hinges on Iran ensuring the “complete, immediate, and safe opening of the Strait of Hormuz.”
Trump characterized the agreement as …
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