Dow Jones Dives 450 Points On Moody’s Bank Downgrades; Palantir Plunges On Earnings

News Snapshot:

The Dow Jones Industrial Average slid more than 450 points Tuesday, as Moody's cut the credit ratings of 10 U.S. regional banks. Meanwhile, hot AI stock Palantir Technologies (PLTR) plunged on second-quarter earnings results. X Late Monday, Moody's said it was downgrading the ratings of 10 banks, due to lower profits and higher funding costs. M&T Bank (MTB), Pinnacle Financial Partners (PNFP) and Commerce Bancshares (CBSH) were among the downgrades. In addition, Moody's is reviewing its ratings on six other banks. Those include Bank of New York Mellon (BK), Northern Trust (NTRS), State Street (STT) and U.S. Bancorp (USB). The...