Stocks are opening lower on Wall Street, led by more weakness in technology companies. The S&P 500 lost 0.7% early Tuesday. The index broke a nine-day winning streak a day earlier. The Dow Jones Industrial Average fell 255 points,

Palantir Technologies Inc., whose stock led the S&P 500 in gains this year, dropped about 9% in premarket trading on Tuesday after its financial results failed to live up to investors’ loftiest expectations.

Palantir stock crashed after the company reported its first-quarter financial results. Management highlighted continued demand for its artificial intelligence platform, AIP. Dan Ives at Wedbush says Palantir will be a trillion-dollar company in two or three years.