Palantir earnings boost Nasdaq 100 recovery

Andrew Dubbs
3 Min Read
Palantir earnings boost Nasdaq 100 recovery

The Dow Jones index and Nasdaq 100 rallied off their Monday lows, but the bounce has stalled in early Tuesday trading. Both indices gapped lower to start the week but managed to rebound as Mexico and Canada delayed imposing new U.S. tariffs. The Dow found buyers below 44,000 and dropped back from overnight highs on news of China imposing its own tariffs.

However, it has avoided a renewed slump so far. A close back above 44,500 would solidify the bullish view and put the index back on course to test 45,000. Similarly, the Nasdaq 100 nearly closed the overnight gap from Sunday by the end of Monday.

The index received an additional boost from Palantir’s earnings, which helped diminish tariff fears. A recovery to 21,500 would allow the price to test the area below 22,000, which marked the highs in late January. Strong buying around 21,000 over the past two weeks suggests a close below this level is needed to indicate more sustained weakness.

The Nikkei 225 also rebounded on Monday, though it suffered bigger overnight losses.

palantir boosts Nasdaq 100 recovery

The Sunday night fall took the index back to 38,500, where it found support, as it had in mid-January.

Some tentative overnight buying has helped lift the index off its lows, but a close back above 39,000 is needed to suggest a more solid move higher. In a significant digital world development, AOL has formally become part of the Yahoo family of brands. This integration brings together the services and technologies of two iconic internet giants, aiming to enhance user experience and digital advertising capabilities.

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Andrew covers investing for considerable.com. He writes on the latest news in the stock market and the economy.