Wall Street Bounces, Palantir Surges

Benzinga

Wall Street just roared back after Friday’s job data panic — and Palantir is leading the charge. With renewed hopes for not one, but two Fed rate cuts, the Nasdaq jumped and Palantir gained 3.7% ahead of its earnings tonight. Joby Aviation soared 20% on a $125 million deal, and Comscope rocketed nearly 90% on acquisition rumors. Is this the start of a breakout… or the calm before another selloff?

Transcript

00:00Wall Street just bounced back and Palantir is leading the charge,

00:03but wait till you hear what else is exploding today.

00:05After Friday's panic over job data,

00:08investors now believe that the Fed will cut rates, maybe twice.

00:12That sent the Nasdaq flying and Palantir jumping 3.7% before earnings tonight.

00:17Joby Aviation shot up 20% after announcing a $125 million deal.

00:22Comscope exploded nearly 90% on acquisition rumors.

00:26And behind it all, the S&P's biggest tech name this year, Palantir.

00:30Which might just make the biggest move yet.

00:32So what's next?

00:33Rate cuts, gold soaring, Palantir breakout, or another sell-off?

00:37Drop your prediction and follow Benzinga to stay up to date.

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