US stocks hit records as profits keep piling up for Palantir and others, while oil prices ease
- The U.S. stock market reached record highs on Tuesday, with the S&P 500 rising 1.8%.
- Palantir Technologies' stock surged 29.5% after reporting a 93% increase in revenue for the quarter.
- Caterpillar's shares climbed 5.6% following stronger-than-expected profit and revenue results.
- Oil prices fell, with Brent crude dropping 5.3% to $79.36 per barrel, easing inflation concerns.
- The yield on the 10-year Treasury decreased to 4.62%, down from 4.70% on Monday.
The U.S. stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased. The S&P 500 shot up 1.8%, and the Dow Jones Industrial Average added 907 points, or 1.7%, to its own record set the day before. The Nasdaq composite jumped 2.6%.
Palantir Technologies helped lead the way and surged 29.5% after CEO Alex Karp said its overall revenue leaped 93% in what he called an “otherworldly” quarter. Caterpillar climbed 5.6% after the heavy-equipment maker reported stronger profit and revenue than analysts expected.
Another drop in oil prices also supported the stock market, with Brent crude falling 5.3% to $79.36 per barrel. This decline helped ease Wall Street’s worries about inflation, pulling down yields in the bond market. The yield on the 10-year Treasury fell to 4.62% from 4.70% on Monday.
美国股市创纪录，Palantir等公司利润持续增长，油价回落
美国股市在周二创下纪录，因公司利润持续增长和油价回落。标准普尔500指数上涨1.8%，道琼斯工业平均指数上涨907点，或1.7%，创下前一天的纪录。纳斯达克综合指数上涨2.6%。
Palantir Technologies的股票上涨29.5%，首席执行官亚历克斯·卡普表示，其整体收入增长了93%，称其季度表现“超乎寻常”。卡特彼勒在报告的利润和收入超出分析师预期后，股票上涨5.6%。
油价的再次下跌也支持了股市，布伦特原油价格下降5.3%，至每桶79.36美元。这一下降帮助缓解了华尔街对通胀的担忧，导致债市收益率下降。10年期国债收益率从周一的4.70%降至4.62%。