The S&P 500 closed at an all-time high for the ninth time this month, while the tech-heavy Nasdaq hit its 13th record July close.

For anybody hunting for parallels between contemporary markets and 1999, BTIG’s Jonathan Krinsky has a chart that might be of interest.

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

Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, as volatile markets boosted trading volumes while first-half listings on its eponymous exchange hit their highest since 2021.

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.

Yesterday, in a rerunning of its markets-model forecast, it eased up on some of its U.S. optimism, pointing to stretched valuations in U.S. equities. Notably, U.S. growth stocks are now seen growing at a rate barely beating inflation expectations.

The stock market's momentum still has room to run if macroeconomic conditions improve, or even stabilize, as the S&P 500 attempts a fifth straight record closing high, according to Mark Hackett, chief Mmarket strategist at Nationwide.

About This EventMega Fortune (Nasdaq: MGRT), an innovative Internet of Things (IoT) company based in Hong Kong, visits the Nasdaq MarketSite in Times Square to ring the Closing Bell, celebrating its official listing on the Nasdaq Stock Market and 14th anniversary of delivering cutting-edge BPO services and IoT integration solutions,