Stocks on Wall Street hold steadier following sharp market swings
Briefly

Wall Street stabilizes after a volatile week, with the S&P 500 rising 0.1% in early trading. Investor confidence is returning, driven by hopes for interest rate cuts from the Federal Reserve and strong corporate earnings reports. Palantir Technologies reports record quarterly sales, boosting its stock significantly. In contrast, Caterpillar experiences a decline in shares due to profit shortfalls caused by rising manufacturing costs from tariffs. Upcoming earnings reports from major companies are anticipated to sustain market interest.
Wall Street is holding steadier as the S&P 500 rose 0.1% in early trading, recovering from its most volatile week since May. Concerns about tariffs persist, but confidence is bolstered by strong corporate earnings.
The early trading indicates increased investor confidence, particularly with hopes for impending interest rate cuts from the Federal Reserve supporting market sentiment.
Palantir Technologies is approaching a record high with its first $1 billion quarterly sales, showing significant growth from last year when shares were priced at about $24.
Caterpillar's shares fell 3.5% after the company reported a second-quarter profit shortfall due to increased manufacturing costs linked to higher tariffs.
Read at Fast Company
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