Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.

Palantir (NASDAQ: PLTR) has been one of the top artificial intelligence (AI) stocks to own in 2025. The stock is up an astounding 144% as of the time of writing, and shows no signs of slowing down. Impressive financial results are fueling its stock rise, as Palantir continues to blow expectations out of the water quarter after quarter.

Good morning. This is TheStreet's Stock Market Today for Aug. 20, 2025. The stock market is now open. At last look, the indexes are near session lows. The Dow (-0.26%), which started the day in the green, is now down. It joins the Russell 2000 (-0.83%), S&P 500 (-0.88%), and Nasdaq (-1.64%).

Stocks are lower Wednesday afternoon as selling of AI-related technology names continues and Target names a new chief executive.

Nvidia (NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month.

T he Dow Jones Industrial Average slipped into negative territory while a steeper fall for the Nasdaq put it below a key level in afternoon trade Wednesday. Several retail stocks moved on earnings, and artificial intelligence software maker Palantir Technologies PLTR was driving toward its sixth straight loss on the stock market today.

Shares of restaurant company Cheesecake Factory (NASDAQ:CAKE) jumped 3.1% in the morning session after the stock moved higher amid a broad market rally driven by renewed hopes for lower interest rates.

Super Micro Computer (NASDAQ: SMCI) stock got hit with a wave of selloffs last week in response to the company's latest quarterly report. The server specialist's share price fell 21.3% over the stretch, which saw the S&P 500 climb 2.4% and the Nasdaq Composite rise 3.9%.