S&P, Indexes Climb, Palantir Falls to Start Week | Wall Street Today

Shortly after the close, the $S&P 500 Index (.SPX.US)$ climbed 1.03%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.46%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed about 1.13%.

Last week was busy: Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. Federal Reserve Chairman Jerome Powell said it's unlikely that policymakers will increase interest rates.

Monday, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.83, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell to 4.48.

When it comes to sectors, as green days regularly go, the Semiconductor Sector was leading the market, up about 2.2%. The sector pulled back last week after $Advanced Micro Devices (AMD.US)$ reported an earnings miss, but the sector rebounded led by Arm, Micron, and AMD. $NVIDIA (NVDA.US)$ climbed nearly 4%.

$Palantir (PLTR.US)$ climbed 8%, in expectation of high quarterly earnings Monday. After the close, the firm reported higher sales than analysts expected, at $634.3 million, and a GAAP EPS that met expectations. The firm gave guidance that disappointed investors into a -6% drop shortly after the announcement.

$Micron Technology (MU.US)$ was leading the S&P, up nearly 5% after Baird raised its rating and price target. The stock helped pull the entire Semiconductor

$Microsoft (MSFT.US)$ is reportedly gearing up to compete with tech giants $Alphabet-A (GOOGL.US)$ Google and OpenAI by developing a new in-house AI language model according to a report from the Information.

$Tyson Foods (TSN.US)$ was on the other end of the spectrum, down after its Monday earnings projected muted future sales for Q3 and Q4.

$Palantir (PLTR.US)$ climbed 8%, and was the most searched stock on moomoo in preparation for the firms expected earnings release after the market closes Monday. According to 14 analysts compiled by yahoo finance, the market expects earnings of $0.08 per share, on revenue of $625.43M

$MARA Holdings (MARA.US)$shares soared about 17% after S&P Dow Jones Indices announced last Friday that the stock will join the S&P SmallCap 600 index effective May 8.

In the afternoon, Federal air-safety regulators have opened a new investigation into $Boeing (BA.US)$ related to the company's inspections of its 787 Dreamliner and whether company employees falsified records. The stock went form a 2% climb to 2% drop suddenly on the news.

Later this week, investors will hear from $Disney (DIS.US)$, $Uber Technologies (UBER.US)$, $Robinhood (HOOD.US)$, and $Spirit Airlines (SAVE.US)$.