U.S. Stock Market Suffers Major Downturn Amidst Palantir Earnings and Crypto Volatility

The U.S. stock market experienced a significant selloff on Tuesday, marking the worst trading session since April. The downturn was driven by Palantir’s earnings report, bearish bets from renowned short seller Michael Burry, and heightened volatility in the cryptocurrency market. These factors triggered widespread sell-offs among retail investors who had favored these particular stocks and assets.