The momentum from last week's move higher started with a less hawkish Fed and the tamer US jobs report continued today with the NASDAQ in S&P index leading the way. Both those indices closed at/near session highs. The Russell 2000 also advanced solidly.

The final numbers are showing:

  • Dow Industrial Average Rich Rose 176.59 points or 0.46% at 38852.26
  • S&P index was 52.93 points or 1.03% at 5180.73
  • NASDAQ index rose 192.92 points or 1.19% at 16349.25.

The small-cap Russell 2000 rose by 24.95 points or 1.23% at 2060.67.

After the close some earnings showed:

Pallantir:

  • EPS $0.08 versus $0.08 expected.
  • Revenues $0.634 billion versus $0.63 billion as expected

Lucid:

  • EPS $-0.30 versus expected $-0.25
  • Revenues $0.173 billion versus expected $0.16 billion
  • Delivered vehicles 1967 (up 40% YoY). Expected 1698