Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Jim Edwards

Palantir’s blockbuster earnings fired a starting gun on a global rally in stocks

Photo: Alex Karp (Credit: David Dee Delgado—Getty Images for The New York Times)

A huge global rally in stocks is underway today after Palantir delivered yet another blockbuster earnings call that blew through analysts’ expectations yesterday, and—separately—a poll of manufacturers showed they were surprisingly optimistic about the future.

Palantir stock was up 10.86% in overnight trading, after closing 0.81% yesterday.

Nasdaq 100 futures rose 0.41% this morning. Apple, Alphabet, and Amazon also rose yesterday and remained buoyant in overnight trading. S&P 500 futures were up 0.14% this morning after the index closed up 0.54% yesterday.

Those gains came after markets in Asia closed strongly up today. Japan’s Nikkei 225 was up 3.92%; the South Korea KOSPI was up 6.84%. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.