The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +1.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.32%. September E-mini S&P futures (ESU26) rose +1.79%, and September E-mini Nasdaq futures (NQU26) rose +3.22%.
Stock indices rallied sharply on Tuesday, with the S&P 500 and Dow Jones Industrials posting new all-time highs and the Nasdaq 100 posting a 3-week high. Strength in technology stocks led the broader market higher on some better-than-expected earnings results. Palantir Technologies rose more than +29% after reporting stronger-than-expected Q2 revenue and raising its full-year revenue forecast. Also, Zebra Technologies rose more than +28% after reporting better-than-expected Q2 EPS and raising its full-year EPS forecast. In addition, Caterpillar rose more than +5% after reporting Q2 adjusted EPS that was well above the consensus.
