Strong quarterly results from Caterpillar and Palantir drive premarket gains ahead of SpaceX earnings after the close.
Dow futures climbed 1.1% in premarket trading Tuesday, led by gains in Caterpillar and Palantir Technologies following better-than-expected earnings. The rally reflects investor optimism over accelerating sales growth and rebounding commercial demand in key sectors.
Palantir reported June quarter sales growth for the 12th consecutive quarter, with U.S. commercial revenue rebounding. Caterpillar’s results also contributed to the positive sentiment, though specific figures were not detailed in early trading. SpaceX is scheduled to release its earnings after the market closes.
The broader market reaction remains cautious ahead of SpaceX’s report, which could further influence sentiment in the technology and industrial sectors.