Finance

Shares of software maker Palantir surged roughly 17% in premarket trading after reporting second-quarter financial performance that exceeded Wall Street estimates. The company reported immense year-over-year gains in domestic commercial revenue and adjusted free cash flow, prompting leadership to issue an optimistic full-year outlook driven by the ongoing enterprise demand for artificial intelligence capabilities.

The cryptocurrency market stabilized with Bitcoin bouncing back above $63,000 as investors overcame recent negative catalysts. Crypto traders shrugged off a massive security exploit on Coldcard self-custody wallets alongside recent programmatic asset liquidations by prominent corporate entity Strategy, even as broader digital asset liquidity remains relatively thin.

Global energy benchmarks slid as political rhetoric pointed toward potential diplomatic resolutions in the ongoing conflict between the United States and Iran. Brent crude plunged nearly 5% toward $83 per barrel after prospective military infrastructure strikes were called off, a development that alleviated severe inflationary worries on Wall Street.