Bloomberg Television·2026-08-03 20:30Market Trends & Macro Performance - Major U.S. indices closed higher on Monday, with the Dow Jones Industrial Average gaining 700 points or 1.3%, the S&P 500 up 111 points or 1.5% to reach 7600, and the Nasdaq Composite rising 2.1% [6][7] - Communication services led major sectors with a 4.3% increase, while energy, staples, and health care lagged behind [9] - Amazon reached a $3 trillion market cap for the first time, becoming the fifth company ever to hit this milestone and joining Nvidia, Alphabet, Microsoft, and Apple [10][11] Company Financial Performance & Earnings - Palantir reported second-quarter earnings of $0.41 per share, beating the estimated $0.35 per share, with revenue reaching $1.94 billion above the expected $1.81 billion [22] - Palantir raised its full-year revenue guidance to a range of $8.15 billion to $8.16 billion (up from prior guidance of $7.65 billion to $7.66 billion) and increased operating profit forecasts to a range of $4.89 billion to $4.90 billion [23] - Onsemi reported adjusted earnings of $0.74 per share (slightly beating the estimated $0.71 per share) with quarterly revenue coming in at $1.59 billion, and forecasted current-quarter earnings between $0.81 and $0.93 per share alongside revenue expectations of $1.65 billion to $1.75 billion [27][28] Industry Dynamics & Potential Risks - Boeing's 737 Max 7 received sign-off and certification from the FAA after a decade-long review, opening up 282 unfilled orders to help generate cash and improve its balance sheet[12][13][14] - Marriott International shares fell 7% due to construction delays in the Middle East, with 2026 room growth expected to hit the lower end of earlier guidance between 4.5% and 5% [17][18] - Morgan Stanley downgraded Circle Internet Group to underweight from equal weight and slashed its price target from $106 to $38, implying a 39% decrease amid lower expectations for stablecoin circulation [19] - Yum Brands shares dropped 2.9% following reports of a Cyclospora parasitic outbreak linked to health issues in Michigan [20][21]