- Nasdaq 100 E-Mini futures are up 0.41% following positive results and guidance from Palantir Technologies.
- Palantir Technologies surged 11% in pre-market trading after posting strong Q4 results and exceeding revenue expectations.
- Wall Street indexes closed higher, with Sandisk up 15% and chip stocks like Micron Technology and Intel climbing over 5%.
- U.S. January ISM manufacturing index rose to 52.6, beating forecasts and indicating improving activity.
- Fed rate cut expectations slightly lowered, with a 91% probability of no rate change in March.
- President Trump announces reduction in reciprocal tariff on India to 18% from 25%, affecting oil purchases and trade agreements.
- Partial U.S. government shutdown continues, affecting the release of the January jobs report.
- Corporate earnings season continues, with companies like AMD, Merck & Co., and Pfizer expected to report.
- Asian markets close higher, with China’s Shanghai Composite up 1.29% and Japan’s Nikkei 225 up 3.92%.
Read more at Barchart: Nasdaq Futures Climb on Blowout Palantir Results
