Markets.News
In a significant development, technology giants Palantir Technologies Inc. (NYSE:PLTR) and Dell Technologies Inc. (NYSE:DELL) are poised to enter the prestigious S&P 500 index. Typically, such inclusion bodes well for stocks as it boosts trading volume and liquidity from purchases by index funds, ETFs, and other funds that track the index. It is noteworthy that the leaders of these companies have a known interest in Bitcoin (CRYPTO: BTC). Palantir founder Peter Thiel, especially, has been closely associated with the popular cryptocurrency. Thiel's venture capital firm Founders Fund earned $1.8 billion from Bitcoin investments just before the market crash in 2022, and later acquired an additional $100 million in Bitcoin.