US stock futures rose ahead of a busy earnings day, with the S&P 500 futures up 0.2%, nearing a new record high. The rally was supported by a 4.2% drop in oil prices after US Treasury hinted at a potential deal to reopen the Strait of Hormuz, easing geopolitical tensions. Positive earnings reports from tech and industrial companies like Palantir, which surged 15% premarket, and Caterpillar, up over 10%, boosted market sentiment. Around 85% of S&P 500 firms have beaten earnings expectations, driving optimism despite global uncertainties. Investors will watch upcoming reports from major firms including Merck, McDonald's, and SpaceX for further market direction.
In Q2 2026, corporate earnings across the S&P 500 surged about 57%, more than double Wall Street's expected 23.6% growth, with 86% of companies beating estimates. Palantir Technologies and Alphabet reported significant earnings beats, with Alphabet's...
Palantir reported a strong Q2 with revenue up 115% year-over-year to $1.57 billion, surpassing Wall Street estimates and driving a 15% pre-market stock surge. Growth was fueled by both commercial and government sectors, with U.S. government revenue r...
Palantir reported strong Q2 results with accelerated revenue growth, especially in the U.S., and a significant jump in GAAP operating margin. The company raised its 2026 revenue outlook by about $500 million, reflecting faster and more profitable sca...
Palantir Technologies reported second-quarter revenue of $1.94 billion, surpassing analyst expectations of $1.80 billion, and adjusted earnings of 41 cents per share, beating estimates of 35 cents. Following the strong results, Palantir raised its fu...
Palantir CEO Alex Karp criticized AI frontier labs for being untrustworthy and likened their control over AI to a form of economic colonization, suggesting they capture the means of production from enterprises. Despite these warnings, Palantir benefi...
