U.S. stock futures traded higher ahead of Monday’s session, following a positive trading session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.2%, 0.15%, and 0.18%, respectively, at 1:15 a.m. EDT on August 5.
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In after-hours trading, Palantir (PLTR) stock surged over 3% after announcing quarterly revenue exceeding $1 billion for the first time. On the other hand, Hims & Hers Health (HIMS) stock dropped more than 12% following a Q2 revenue report that fell short of consensus estimates.
In Monday’s regular trading session, the S&P 500 staged a rebound, jumping about 1.5% and ending a four-day losing streak. The Nasdaq Composite also saw a strong gain of nearly 2%, while the Dow Jones climbed 1.3%. At the same time, the small-cap Russell 2000 jumped over 2%.
Looking ahead, investors are focused on a new round of corporate earnings reports on Tuesday, with major companies like Pfizer (PFE), Yum! Brands (YUM), Snap (SNAP), Advanced Micro Devices (AMD), and Rivian (RIVN). Key economic reports such as trade deficit and Services Purchasing Managers Index are also due on Tuesday morning.