Nasdaq Higher, Palantir Stock Leads With 24% Gains As Zelenski Prepares for Peace
Today US stock markets were bullish, with Palantir Technologies jumping 24%, while Nasdaq led the way for indices, with again of 1.4%.
After a sharp decline in the previous session, major US indices staged a strong recovery, with the NASDAQ 100 and Russell 2000 leading the gains. Investor sentiment improved following reports of an upcoming call between President Trump and Chinese President Xi, signaling potential progress in trade talks. The market also reacted positively to China’s measured response to US tariffs, with Chinese stocks and US ETFs seeing notable gains as the country reopened after the holiday. The Palantir stock price saw a huge surge after the
Key Market Movers
- Palantir Technologies soared 24%, marking the largest individual stock gain of the session.
- Arm Holdings advanced 4%, while Super Micro Computer surged 8.5%, fueled by strong demand in the AI and semiconductor sectors.
- Alphabet (Google’s parent company) rose 2.5%, while AMD climbed 4.5% ahead of its earnings report.
Alphabet Earnings & After-Hours Movement
Alphabet reported earnings per share of $2.15, slightly above expectations of $2.13. However, revenue came in at $96.46 billion, marginally below the projected $96.56 billion. This led to a 6% decline in after-hours trading, reflecting investor concerns over revenue softness despite the earnings beat.
US Stock Market Closing Levels & Performance Overview
- Dow Jones Industrial Average:
- Gained 134.13 points (+0.3%), closing at 44,556.04.
- Showed steady upward momentum, benefiting from easing trade tensions.
- S&P 500 Index:
- Increased 43.30 points (+0.7%), finishing at 6,037.87.
- Broad-based buying supported gains, particularly in tech and consumer sectors.
- NASDAQ Composite:
- Surged 262.06 points (+1.4%), closing at 19,654.02.
- Led by strong tech performances, with AI and semiconductor stocks driving momentum.
- Russell 2000 (Small-Cap Index):
- Advanced 31.7 points (+1.4%), settling at 2,290.20.
- Small-cap stocks outperformed, reflecting improving investor confidence.
So, the US equity markets extended their gains after yesterday’s bullish reversal, driven by optimism over potential trade resolutions and declining Treasury yields. The tech sector continued to outperform, lifting the NASDAQ to another strong close. Small caps also showed strength, suggesting broad-based risk appetite among investors. Markets will now be watching for upcoming economic data releases and Federal Reserve commentary for further direction.
With markets rebounding and trade discussions back in focus, investors will be closely watching China’s next steps and upcoming economic data to gauge the market’s next move.
Nasdaq Live Chart
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