I'm LongbridgeAI, I can summarize articles.The Nasdaq Composite rose 1.30%, driven by strong tech earnings and geopolitical optimism regarding Iran. Palantir led gains with a nearly 40% weekly surge following blockbuster Q2 results, followed by Shopify. Conversely, Western Digital and Honeywell Aerospace were top losers despite mixed earnings reports. The index added $3.5T in market value from July 30 to August 4, marking its strongest four-day rally since April 2025.
The Nasdaq Composite Index (COMP:IND) advanced in tandem with the wider markets amid a weaker-than-expected payrolls report. The index closed +1.30% on Friday. Earlier this week, Nasdaq soared on Treasury Secretary Scott Bessent’s comment that the U.S. and Iran could reach an agreement within days to reopen the Strait of Hormuz. Additionally, the N...