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 stock climbed 5.6% following stronger-than-expected profit and revenue results.
- Oil prices dropped, with Brent crude falling 5.3% to $79.36 per barrel, easing inflation concerns.
- The yield on the 10-year Treasury fell 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%. Despite worries about high inflation, the war in Iran, and a possible bubble in stock prices, Wall Street hit its latest apex, rewarding patient investors as corporate profits soared.
Palantir Technologies helped lead the way, surging 29.5% after CEO Alex Karp announced a 93% increase in overall revenue. Caterpillar also reported stronger profits and revenue, climbing 5.6% as it recorded over $20 billion in sales for the first time in a quarter. These results contributed to a significant earnings growth forecast for companies in the S&P 500 index, which is expected to see nearly 50% growth in earnings per share.
Additionally, oil prices dropped, with Brent crude falling 5.3% to $79.36 per barrel. This decline eased inflation concerns and contributed to lower yields in the bond market, with the yield on the 10-year Treasury falling to 4.62%. Reports indicated that the U.S. economy remains resilient, with nearly 7.4 million job openings available at the end of June, close to economists' expectations.
美国股市创纪录，Palantir等公司利润持续增长，同时油价回落
美国股市在周二因公司利润持续增长和油价回落而创下历史新高。标准普尔500指数上涨了1.8%，道琼斯工业平均指数上涨907点，或1.7%，也创下了前一天的纪录。纳斯达克综合指数上涨了2.6%。尽管存在高通胀、伊朗战争和股市泡沫的担忧，华尔街依然达到了最新高点，回报了那些保持耐心的投资者，因为企业利润大幅上升。
Palantir科技公司在此过程中表现突出，股价上涨29.5%，因首席执行官亚历克斯·卡普宣布整体收入增长了93%。卡特彼勒也报告了强于预期的利润和收入，股价上涨5.6%，首次在一个季度内销售超过200亿美元。这些结果推动了标准普尔500指数中公司的盈利增长预期，预计每股收益将增长近50%。
此外，油价回落，布伦特原油下跌5.3%，至每桶79.36美元。这一下降缓解了通胀担忧，并导致债券市场收益率下降，10年期国债收益率降至4.62%。报告显示，美国经济仍然保持韧性，截至6月底，近740万个职位空缺符合经济学家的预期。