Good evening, this is Markets Desk with your closing brief.
Inflation is back in the conversation, and markets are paying attention. Consumer prices rose at their fastest pace since two thousand twenty three, reigniting fears that the Federal Reserve may have less room to maneuver than bulls had hoped. Rate-sensitive sectors took the brunt of it, and the bond market moved accordingly.
Turning to tech, Anthropic is now squarely in Palantir's crosshairs. SaaS stocks have been under sustained pressure throughout two thousand twenty six as enterprise clients weigh whether AI-native tools can replace legacy software platforms entirely. Palantir built its identity around data intelligence, but that moat is looking narrower by the quarter.
And from the Vatican, Pope Leo the Fourteenth issued his first encyclical, calling artificial intelligence an instrument of domination, exclusion, and death. The sweeping document demands robust regulation and insists developers serve the common good over profit. Notably, Anthropic had a representative in the room, making that a remarkable moment of convergence between Silicon Valley and the Holy See.
That's the tape. Markets Desk, signing off the floor.
