On Friday, U.S. stocks wavered despite another round of strong earnings reports. The S&P 500 pulled back slightly from Thursday’s record, while the Nasdaq eked out a minute gain for its fifth-straight all-time high. The Dow lost 0.3%, or 142 points.

Palantir (NASDAQ: PLTR) stock saw a massive rally across the first half of 2025's trading. The tech company's share price rose 80.3% across the stretch against the backdrop of a 5.5% gain for the S&P 500 index, according to data from S&P Global Market Intelligence

The IPO Pulse actually peaked last October and has been slowing since then. But the downturn certainly accelerated in March and April as the stock market sold off, with the IPO Pulse falling to a 1½-year low in April (chart below, blue line).

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.

Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.

Strategy's advantage is that it can invest in other cryptocurrencies. While right now, its focus is clearly to load up on Bitcoins, it may not stay that way forever. If there are changing market conditions in crypto, it has the freedom to diversify or pivot to other assets.

A little-known Nasdaq-listed drugmaker plans to invest $100M in litecoin, appoints Charlie Lee to its board and names GSR as treasury manager.

Palantir's expansion into commercial markets has boosted its business. The stock has been on a tear since the start of 2024. Palantir's valuation is sky-high.