Wall Street Rebounds as Tech Leads Gains and Earnings Season Continues

U.S. stock markets saw a strong recovery after a turbulent end to the previous week. The Dow Jones Industrial Average finished higher by 585 points, or more than 1%, snapping a five-day losing streak. The S&P 500 also gained over 1%, while the Nasdaq Composite climbed 2%, marking the biggest daily gains for the major indexes since May. This rally was fueled by renewed investor confidence after last week's market-shaking events, including a weak jobs report and the announcement of new tariffs.

Market futures for the Dow, S&P 500, and Nasdaq all showed slight gains as Wall Street prepares for a new week of corporate earnings. Palantir (PLTR) was a standout performer, with its stock rising after a strong earnings report revealed its revenue had topped $1 billion for the first time. The company’s stock has increased by more than 110% this year. Other tech giants, including Nvidia (NVDA) and Microsoft (MSFT), were among the top advancers, while Amazon (AMZN) and Chevron (CVX) were the only declining blue-chips.

Beyond the major indexes, several companies made headlines. American Eagle Outfitters (AEO) surged by more than 20%, boosted by an endorsement from President Trump on social media regarding its latest ad campaign. Despite this, the stock remains down for the year. Meanwhile, Berkshire Hathaway (BRKB) stock fell following a quarterly report that showed a decline in after-tax operating profit.

The week ahead will be closely watched for more earnings reports from companies like AMD (AMD), McDonald's (MCD), and Disney (DIS). Additionally, a looming trade deadline on Thursday adds a layer of uncertainty, with the potential for new tariffs to be implemented.