Stocks Soar to New Highs on Earnings and Middle East Hopes

The stock market continued its upward trend on Tuesday, with the Dow Jones Industrial Average and S&P 500 reaching new record highs. The Nasdaq Composite also rallied, surging over 2.6%.

The tech-heavy index was driven by a slew of positive earnings reports from companies such as Palantir, which saw its stock soar nearly 30% after a strong quarter. The company's commercial revenue from the US government surged 90% year over year.

Other tech stocks also gained momentum, with the PHLX Semiconductor Index jumping 6%. Intel, Micron, and Nvidia were among the notable gainers.