The S&P 500 and Dow Jones Industrial Average hit record closing highs on Tuesday as strong results from AI-linked companies, including Palantir, and Caterpillar eased concerns about demand. Oil prices and Treasury yields also fell amid growing hopes for a deal to end the Iran war, Reuters reported.
Palantir Technologies surged nearly 30%, its biggest one-day percentage gain since February 2024, after the company raised its annual revenue forecast.
