Amazon crosses $3 trillion market cap while Palantir reports 90% US commercial revenue growth, lifting tech sentiment ahead of SpaceX earnings.
US stock futures rose modestly Tuesday as earnings season progressed, with S&P 500 and Dow Jones Industrial Average contracts up 0.1% and Nasdaq-100 futures climbing 0.6%. Lower oil prices supported the blue-chip index, which hit a record high Monday.
Amazon’s market capitalization surpassed $3 trillion for the first time, driven by strong earnings and AI investment plans. Palantir shares surged 14% in extended trading after reporting a 90% year-over-year increase in US commercial revenue, with CEO Alex Karp calling the quarter “otherworldly.”
Focus shifts to SpaceX’s first quarterly earnings report since its June IPO, as its stock decline raises caution for other megacap IPO candidates. Mixed signals on Middle East talks added geopolitical uncertainty to energy markets.