{
  "id": 135286,
  "title": "Wall Street: Oil price falls, Palantir exceeds expectations",
  "url": "https://urgent.news/2026/08/04/wall-street-olpreis-fallt-palantir-ubertrifft-erwartungen",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-04T15:18:29.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/audio/wall-street/wall-street-oelpreis-faellt-palantir-uebertrifft-erwartungen/100245027.html"
  },
  "original_language": "de",
  "account": "The stock market opened with significant gains on Wall Street, with both the Dow Jones and Nasdaq indices rising. Support came from remarks made by U.S. Treasury Secretary Scott Bessent on CNBC, suggesting an agreement with Iran could be achieved today or by tomorrow, reopening the Strait of Hormuz. This prospect of a de-escalation in the Middle East alleviates oil prices while simultaneously driving up stock prices. Artificial intelligence (AI) remains a focal point, with JPMorgan emphasizing that concerns over the returns on massive AI investments are increasingly being resolved. The hyperscalers justify their record spending on an unrelenting surge in demand, while record inflows into semiconductor ETFs indicate that investors have taken advantage of the recent correction to re-enter the market. Meanwhile, Chinese memory manufacturers such as CXMT continue to strengthen their position in the global DRAM market, securing their first international PC manufacturers as clients. Palantir impressed investors by raising its annual forecast, and Caterpillar delivered a surprisingly strong quarter alongside a record order backlog. Among other topics today, Merck, Pfizer, and McDonald's will present their figures ahead of the market opening, followed by AMD after trading hours.",
  "summary": "The oil price has fallen due to the situation in the Middle East. According to Handelsblatt, data firm Palantir has raised its annual forecast.\n\nPalantir's update on its yearly outlook was a surprise, alongside another company's announcement, as reported by Handelsblatt. Axios reports that Trump Media & Technology Group has launched a real-time feed of Truth Social posts, providing institutional clients with market-moving information.\n\nThe feed, which began on August 1, allows clients to access Truth Social posts in milliseconds, with prices ranging from $60,000 to $100,000 per month for access to the platform's top-trending accounts, according to a source cited by Axios. At least five clients have signed up, including financial news organizations and high-frequency trading firms, as per The Wall Street Journal.",
  "key_points": [
    "Dow Jones and Nasdaq indices rise on Wall Street",
    "U.S. Treasury Secretary suggests Iran deal possible soon",
    "Palantir exceeds earnings expectations"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}