Wall Street Rebounds Ahead Of Palantir Earnings: What's Moving Markets Monday?

Author: Piero Cingari | August 04, 2025 01:30pm

U.S. stocks bounced back sharply Monday, recovering from Friday's sell-off triggered by renewed concerns over a weakening labor market.

• SPY is rallying today. Track it now here.

Despite the softer jobs data, investors found fresh optimism in rising expectations for Federal Reserve rate cuts. Markets are now pricing in an 88% chance of a 25-basis-point cut in September, with a 62% probability of another cut in October.

The Nasdaq 100 climbed 1.8%, trimming Friday's 2% loss, while the S&P 500 rose 1.4% after falling 1.6%.

On the trade front, President Donald Trump threatened further tariffs on India, accusing the country of reselling discounted Russian oil at a profit on global markets.

Palantir Technologies Inc. (NASDAQ:PLTR) — the S&P 500's top-performing stock this year — rose 3.7% ahead of its earnings report due after the close.

The U.S. dollar held steady after Friday's steep 1.4% drop, its worst session in nearly four months. Treasury yields continued to slide, with 30-year yields touching a one-month low at 4.79%.

Gold extended gains on lower yields and tariff fears, up 0.5% to $3,370 per ounce, while silver added 0.8% to $37.32.

Oil dropped 1.6% after OPEC+ confirmed a widely anticipated production boost of 547,000 barrels per day starting in September.

Bitcoin (CRYPTO: BTC) edged up 0.6% to $115,000.

Monday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	1-day %
Nasdaq 100	23,170.16	1.8%
Russell 2000	2,201.90	1.7%
S&P 500	6,322.52	1.4%
Dow Jones	44,116.19	1.2%

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) rose 1.4% to $579.32.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 1.3% to $441.15.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) soared 1.7% to $563.37.
• The iShares Russell 2000 ETF (NYSE:IWM) rose 1.7% to $218.64.
• The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 2%; the Energy Select Sector SPDR Fund (NYSE:XLE) lagged, down 0.2%.

Monday’s Stock Movers

• Idexx Laboratories Inc. (NASDAQ:IDXX) soared 26% after beating Street’s estimates on both earnings and revenue last quarter.
• Other stocks reacting to earnings reports included Tyson Foods, Inc. (NYSE:TSN), up 4.5%; Wayfair Inc. (NYSE:W), up 11.6% and ON Semiconductor Corp. (NASDAQ:ON), down 11.4%.
• Berkshire Hathaway Inc. B (NYSE:BRK) sank 3%, reaching late January’s lows, after the company reported a 4% year-over-year decline in second-quarter operating profit, which fell to $11.2 billion. The company also disclosed a $3.76 billion writedown on its stake in Kraft Heinz Co. (NASDAQ:KHC) in the second quarter.
• Joby Aviation Inc. (NYSE:JOBY) surged 20.5% after announcing plans to acquire Blade Air Mobility in a deal valued at up to $125 million, expanding its electric air taxi footprint.
• CommScope Holding Co. (NASDAQ:COMM) exploded 88% following a report from The Wall Street Journal that Amphenol Corp. (NYSE:APH) is close to acquiring its broadband and cable business for $10.5 billion.

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Posted In: $BTC APH BRK COMM DIA IDXX IWM JOBY KHC ON PLTR QQQ TSN VOO W XLB XLE XLK XLV