The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed at $101.85 on January 10, 2025, down 3.04% as Palantir Technologies faced significant market pressure. Palantir's stock fell 4.4% to $65.22 amid a broader market selloff triggered by a stronger-than-expected U.S. jobs report. The report, released on January 10, showed a December payroll increase of 256,000, far exceeding the anticipated 155,000, and an unemployment rate drop to 4.1%. This data has led to a spike in Treasury yields, with the 10-year yield rising to 4.76%, as investors reassess the likelihood of further Federal Reserve rate cuts. The heightened yields and potential for sustained higher interest rates have particularly impacted growth stocks like Palantir, which are sensitive to interest rate changes. Additionally, Palantir's high valuation, trading at 69 times sales, has raised concerns among analysts about its future performance, contributing to the downward pressure.