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Market Data Table

Breakfast News: AI Powers New Palantir Auto Deal

March 30, 2026

Friday's Markets
S&P 500 6,369 (-1.67%)
Nasdaq 20,948 (-2.15%)
Dow 45,167 (-1.73%)
Bitcoin $65,986 (-4.69%)

Chart showing Palantir's revenue over the past three years.

1) Palantir AI to Power Stellantis Data

Data analysis specialist Palantir (NASDAQ:PLTR) announced today the expansion of its partnership with automotive engineer Stellantis (NYSE:STLA), a new five-year agreement for the use of data services and AI. Stellantis will continue to use Palantir's Foundry platform and will extend the use of generative artificial intelligence (AI) tools in key strategic activities across its operations. Both stocks were little changed in pre-market trading.

It helps "define what the AI-powered industrial enterprise of tomorrow looks like": François Bohuon, general manager of Palantir France, added that the technological tie-up is "helping Stellantis embed secure, governed AI at the heart of its operations."
Palantir up over 500% in five years: The Palantir share price has fallen back in the 2026 AI sell-off, despite seeing U.S. commercial revenue soar 137% in its 2025 fiscal year -- with a 70% jump year over year (YOY) in the fourth quarter.

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2) Markets Extend Losses as Jobs Data Due

Stocks marked a fifth consecutive week of declines as the S&P 500 lost 2.1% to hit its longest losing streak since 2022. The NASDAQ fell 3.2%, while the Dow dropped 0.9% to end Friday in correction territory. Starting a trading week shortened by Easter, S&P 500 futures gained 0.5% in early trading, with Nasdaq futures up 0.4%.

Unemployment forecast to reach 4.5%: The March jobs report is due Friday, as investors hope for some sort of normalization after 92,000 jobs were lost in February. We should get some hint on Tuesday with the latest JOLT labor turnover report.
OECD says U.S. consumer prices to climb 4.2% in 2026: We won't have the latest inflation figures until next week's personal consumption expenditures (PCE) print. But the OECD last week raised its 2026 forecasts on the back of soaring oil prices. "High gas prices have sizable implications for more than just energy companies," noted Fool analyst Emily Flippen, adding, "About a third of globally traded fertilizer passes through the Strait of Hormuz."

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3) Pick of the Week's Earnings From Fool Favorites

McCormick (NYSE:MKC) reports its fiscal 2026 first quarter on Tuesday after seeing margins pressured by inflation and tariffs in the previous quarter. Eyes will be on inflation this time and on details of the McCormick de Mexico integration. The stock has lagged the S&P 500 by 15% since its recent Dividend Investor recommendation, but there's a 3.6% forecast yield on the cards.
FactSet (NYSE:FDS) posts a Q2 update the same day, after the Rule Breakers rec saw revenue rise 6.9% YOY in its first quarter of 2026. AI tools are helping the financial data specialist, with 45% sequential user growth in the previous quarter. Watch for updates on the rollout of AI Beta.
Nike (NYSE:NKE), recommended in Stock Advisor by Team Hidden Gems, brings us the latest in its turnaround with Tuesday's Q3 update. Last month, in an interview with Bloomberg TV, CEO Elliott Hill said he expects global wholesale business to pick up on the back of new product launches.

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4) Your Take

What's one stock, sector, or trend you're watching more closely heading into next month?

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