Palantir Soars 27% and Caterpillar Helps Lift the Dow 800 Points
What's better than a relief rally? One built on revenue growth, and Tuesday's numbers from Caterpillar and Palantir make that case today.
Overview
Editor's note: An earlier version of this article said that SpaceX reported earnings already, thus moving the stock. The company will report after Tuesday's closing bell. We regret the error.
Two days, two very different reasons to rally. Monday's gains came from plunging oil prices. Tuesday's gains were inspired by companies simply reporting excellent results. That's a stronger foundation for sustained gains.
Details
All three major indexes climbed steadily from the opening bell with no real pullback. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index took the lead at 1.9% as of 11:45 a.m. ET. The Dow Jones Industrial Average (DJINDICES: ^DJI) rose 1.5%, worth roughly 800 Dow points, with 22 of its 30 members contributing positive moves. The S&P 500 (SNPINDEX: ^GSPC) landed in the gap, adding 1.3%.
Source
Originally published at www.fool.com.