The US markets opened in the red on Thursday. (Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The major US stock market indices opened in the red on Tuesday after AI giant Palantir Technologies Inc.'s earnings failed to make a positive impact.

S&P 500 opened 1.10% or 75.63 points lower at 6,776.34, tech-heavy Nasdaq Composite opened 1.50% or 358.35 points lower at 23,476.37 and Dow Jones Industrial average opened 0.71% or 337.76 points lower at 46,998.92.

As of 8:53 p.m (IST). Nasdaq traded 0.87% lower, while S&P 500 and Dow Jones traded 0.56% and 0.19% lower respectively.

Although Palantir's revenue beat analysts' estimates, the earnings fell short of justifying the company's high valuations. The price-to-sales ratio stood at 85, and was the highest

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