Market Rally Gathers Pace. S&P 500 Heads for Record Amid Positive Economic Data, Renewed AI Hope

Markets were connected people to unfastened successful the greenish arsenic stocks continued to rally pursuing affirmative economical information and blowout net from Palantir that eased fears astir the artificial quality trade.

Dow futures were up 36 points, oregon 0.1%, successful premarket trading Tuesday. Those tied to the S&P 500 were rising 0.3% aft conscionable missing a grounds adjacent successful the erstwhile session, portion Nasdaq 100 futures were rising 0.5% successful premarket trading. All 3 indexes finished successful the greenish connected Monday.

Palantir’s net gave a ballot of assurance to the AI commercialized that has go the main marketplace driver. The institution helps ample organizations benignant done their mountains of information and marque consciousness of it utilizing AI. Revenue for the 4th reached $1.41 billion, up 70% year-over-year, portion income successful its halfway U.S. marketplace were up 93% from a twelvemonth ago.