S&P 500 futures inch higher after benchmark snaps losing streak, Palantir pops on earnings: Live updates

S&P 500 futures inch higher after benchmark snaps losing streak, Palantir pops on earnings: Live updates


Traders work at the New York Stock Exchange on July 30, 2025.

NYSE

Stock futures were slightly higher on Monday night, following Wall Street’s rebound, as investors followed the latest batch of corporate earnings.

Dow Jones Industrial Average futures added 54 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also added 0.1%.

In extended trading, Palantir shares jumped more than 3% as the defense technology company said revenue surpassed $1 billion for the first time. On the other hand, Hims & Hers Health fell more than 13% after second-quarter revenue missed Wall Street’s expectations.

Monday night’s moves come after a winning day on Wall Street that allowed stocks to recover losses from the prior session. The market tanked on Friday as the latest policy rollout on tariffs and a weak jobs report left investors questioning the health of the economy. All three of the major indexes ended the week in the red.

But the S&P 500 was able to jump about 1.5% on Monday, snapping a four-day losing streak. More than four out of every five members of the benchmark average advanced in the session.

The technology-heavy Nasdaq Composite surged nearly 2%, while the Dow climbed about 585 points to erase its Friday loss. The small-cap focused Russell 2000 jumped more than 2%.

“You have to respect the momentum that the market has had. We’re still in a very powerful uptrend,” said Cameron Dawson, investing chief at New Edge Wealth, on CNBC’s “Closing Bell.” But, “it wouldn’t be surprising to see some chop as we move through August.”

Investors on Tuesday will watch for more earnings reports. Pfizer, Yum! Brands and Fox are among the companies reporting before the bell, followed by Snap, Advanced Micro Devices and Rivian after the close.

They’ll also monitor economic data on the trade deficit and purchasing due Tuesday morning.



Source

Kuwait cuts oil production as Strait of Hormuz closure disrupts global energy market
World

Kuwait cuts oil production as Strait of Hormuz closure disrupts global energy market

Kuwait said Saturday that it has cut oil production and refining output because tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy did not say how many barrels per day it has cut, but described the output reduction as a precautionary measure that will be “reviewed as the situation develops.” […]

Read More
One year after Trump’s sovereignty threats, Canadians keep ‘elbows up’
World

One year after Trump’s sovereignty threats, Canadians keep ‘elbows up’

Canadians hold an “Elbows Up” protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025. Carlos Osorio | Reuters For Lisa Mcbean, buying American-made snacks and traveling to the U.S. was second nature. That changed for the Ontario resident starting in early […]

Read More
Goldman likes these five stocks as market fears intensify
World

Goldman likes these five stocks as market fears intensify

Goldman Sachs recently named several stocks the Wall Street colossus believes are a must-own as market fears rise. The investment bank said that investors should buy the dip in companies like Nvidia. Other stocks rated buy at Goldman and screened by CNBC Pro include: Ross Stores, Viking Holdings, Once Upon a Farm and Dutch Bros. […]

Read More