Palantir Rises 5.3% on Nasdaq's 2% Surge, Oil Falls Below $90
Palantir shares climbed 5.3% as the Nasdaq rose 2.0% following President Trump's announcement of a five-day pause on strikes against Iran while talks continued. WTI crude oil fell below $90 a barrel, reflecting market relief on potential de-escalation and driving technology stock gains.
1. Market Rally Boosts Palantir Shares
Early trading saw the Nasdaq rise 2.0%, with Palantir shares climbing 5.3% following renewed hopes of US-Iran de-escalation, propelling significant gains among technology and travel stocks.
2. Trump Announces Five-Day Pause on Strikes
President Trump ordered a five-day postponement of military strikes on Iranian energy infrastructure, describing the discussions as constructive, even as Iran denied any direct contact.
3. Oil Prices Slide Under $90
WTI crude oil prices dropped below $90 a barrel from over $101, reflecting market relief on the prospect of conflict resolution and contributing to technology sector outperformance.