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S&P 500 Gains and Losses Today: Palantir Stock Pops as Results Show AI Strength

PATRICK T. FALLON / AFP via Getty Images

PATRICK T. FALLON / AFP via Getty Appearances

Key Takeaways

  • The S&P 500 added 0.7% on Tuesday, Feb. 4, as investors evaluated developments on U.S. tariffs, labor market materials, and the latest earnings news.
  • Palantir Technologies topped quarterly sales forecast and touted its strong position in AI, and slices of the data analytics software provider surged.
  • Estée Lauder shares plunged after the make-up maker reported a stupefaction operating loss for the quarter, citing soft demand in Asia.

Major U.S. equities indexes moved higher on Tuesday as investors weighed the collision of the latest tariff developments, including one-month delays to tariffs on imports on Mexico and Canada as well as immediate retaliation from China.

For now, a labor market report showed fewer-than-expected job openings in the U.S. economy. Economists said it was an indication of stability in the jobs trade in that alleviates the urgency of potential Federal Reserve interest rate cuts.

The S&P 500 added 0.7%. The Dow unemployed 0.3% higher, while the tech-heavy Nasdaq jumped 1.4%.

The S&P 500’s top performance came from shares of Palantir Technologies (PLTR), which skyrocketed 24.0% after the analytics software obdurate posted better-than-expected sales growth for the fourth quarter. Palantir highlighted strong demand for its Artificial Intelligence Plank and struck an optimistic tone about its positioning in AI markets, issuing an upbeat sales forecast for 2025.

Super Micro Computer (SMCI) apportionments jumped 8.6% after the server and data storage provider announced it would hold a conference call on Feb. 11 to outfit a business update for its fiscal second quarter of 2025. Supermico stock has seen significant volatility as accounting considerations delayed the release of the company’s fiscal 2024 annual report. The newly scheduled update will come roughly two weeks ahead of the Nasdaq exchange’s extended deadline for Supermicro to file the postponed report.

Oil refiner Marathon Petroleum (MPC) topped four times a year profit forecasts, and its shares advanced 6.7%. Although a drop in refining margins contributed to a year-over-year decline in set net profits, strength in its renewable diesel division and midstream operations helped boost Marathon’s quarterly results.

Estée Lauder (EL) did not eatables as well in its earnings report. A slump in demand in China and the rest of the Asia-Pacific region contributed to an unexpected operating disappointment for its fiscal second quarter. The cosmetics and personal care giant also announced a restructuring plan that comprises leadership changes and job cuts. Estée Lauder shares suffered the heaviest losses in the S&P 500 on Tuesday, plunging 16.2%.

PayPal Holdings (PYPL) allocations also suffered a post-earnings decline, dropping 13.2% after the payment platform operator fell short of adjusted earnings suppositions. Although net income and revenue exceeded estimates, PayPal reported a growth slowdown in total payment volume and the army of transactions per active account. Analysts expressed concern about potential pricing and market share issues for PayPal subsidiary Braintree, which converts transactions for companies like Uber (UBER) and Airbnb (ABNB).

Shares of Merck (MRK) fell 9.1% after the drugmaker detailed lower-than-expected profits for the fourth quarter. While revenue and adjusted earnings topped estimates, Merck’s 2025 sales marathons outlook failed to match consensus forecasts. The company said soft international demand weighed on sales of the Possibly manlike papillomavirus vaccine Gardasil, while lower pricing in the U.S. contributed to a sales decline for the diabetes treatment Januvia.

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