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Benzinga
Benzinga
Business
Piero Cingari

S&P 500 Hits Record Highs, Palantir Jumps 27%: Stock Market Today

S&P 500

U.S. equities powered to fresh record highs by midday Tuesday as blowout guidance from Palantir Technologies Inc. (NASDAQ:PLTR) and a Caterpillar Inc. (NYSE:CAT) earnings beat reignited the AI trade, while crude oil tumbled more than 5% on growing conviction that a deal to reopen the Strait of Hormuz is days away.

Treasury Secretary Scott Bessent told CNBC that “we may have an Iran deal tomorrow to open Hormuz.”

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