Palantir Technologies(US:PLTR) Xin Lang Cai Jing·2025-08-05 16:08Market Overview - US stock market experienced a decline with the Dow Jones down 97.74 points (0.22%) at 44075.90, Nasdaq down 116.25 points (0.55%) at 20937.33, and S&P 500 down 30.13 points (0.48%) at 6299.81 [3] - The market had previously rebounded on Monday, with S&P 500 rising approximately 1.5% and Nasdaq gaining nearly 2% [3] - The market is closely monitoring earnings reports, with Palantir's stock surging after its revenue surpassed $1 billion for the first time [3][10] Earnings Reports - Palantir reported a quarterly revenue of $1 billion, a 48% year-over-year increase, and raised its full-year revenue guidance to $4.142-4.150 billion [10] - Caterpillar's earnings fell short of expectations [12] - Pfizer's second-quarter revenue exceeded expectations [11] - Rivian, AMD, and Snap are set to release their earnings reports [4][15] Trade Policies - President Trump announced plans to significantly increase tariffs on India, citing high tariffs as a major issue [5] - Trump indicated that tariffs on drug imports could eventually reach 250% [6] - A new tariff policy for chips and chip products is expected to be announced next week [7] Economic Indicators - The US trade deficit narrowed to $60.2 billion in June, a 16% decrease from the previous month, as imports fell by 3.7% [8] - MUFG reported that the market is increasingly betting on interest rate cuts from the Federal Reserve, with a 90% probability of a rate cut in September [9]