The stock market surged on Tuesday, fueled by growing optimism that the Iran war could be nearing an end, easing volatility in global energy prices. Investor sentiment was lifted after Masoud Pezeshkian signaled that Iran may be open to negotiations to resolve the conflict, which has significantly disrupted global energy markets.
The rally marked the strongest single-day performance since May 2025.
Overall, S&P 500 rose 2.9% to 6,529, while NASDAQ grew 3.8% to 21,591.
Chart of the Day
Here is the one-year chart of Palantir (PLTR) as of February 23, 2026, when the stock was at $131.
Palantir delivered 79% profit growth on 70% revenue growth during the quarter, driven by compounding adoption across Palantir’s US customer base. US revenue grew 93% year over year and now makes up 77% of the company’s total revenue. Note, US revenue growth has accelerated from 55% 4QtrsAgo to 68% 3QtrsAgo, 77% 2QtrsAgo, and 93% last quarter.
US Commercial revenue was exceptional, with 137% growth year over year. US Government was also solid with 66% growth, driven by the Department of Defense and civil agencies. Management also announced Palantir Artificial Intelligence Platform (AIP) is becoming the default builder at the department of war.
PLTR is currently in our Growth Portfolio. We do not have it in the Focus List as the valuation is high, but getting lower.
