- Palantir Technologies Inc shares jumped 16.1% to $145.85 in pre-market trading after reporting second-quarter revenue of $1.94 billion and adjusted earnings of 41 cents per share, both beating estimates, alongside an increased FY26 sales guidance.
- Other notable market movers include Rain Enhancement Technologies Holdco Inc rising 141.8% and Ensysce Biosciences Inc gaining 79.3% following a new patent allowance.
- Conversely, Reitar Logtech Holdings Ltd tumbled 47.6% after surging 495% on Monday, while Clearpoint Neuro Inc fell 14.5% due to worse-than-expected quarterly financial results and a cut in its FY26 sales guidance.
- U.S. stocks traded higher on Monday with the S&P 500 gaining 1.24% while crude oil prices tumbled 7.1%.
- The ISM manufacturing PMI rose to 55.6 in July, marking the strongest factory growth since May 2022 and beating market estimates.
- Major market movements included communication services jumping 4.1% and energy stocks falling 1.2%.
