S&P 500 Chases Record High as Tech Rebound Continues, Palantir Earnings Boost AI Trade

Published Aug 4, 12:29 PM UTC

On August 4, 2026, U.S. stock futures pointed to a higher open, with the S&P 500 chasing a record high as the technology sector rebounded strongly. Palantir's stellar earnings report revitalized the artificial-intelligence trade, lifting Nasdaq 100 futures by 1.1%. S&P 500 futures rose 0.3%, and Dow futures added 651 points, or 1.2%. The positive sentiment followed Monday's rally after President Donald Trump announced he would call off an attack in Iran, which caused a sharp drop in oil prices. The three major indexes all gained ground, driven by easing geopolitical tensions and renewed investor confidence in tech stocks.