Palantir and Tesla stocks soar over 65% and 50% as US market rebounds

The US stock market has seen a historic recovery, with the S&P 500 gaining nearly $8 trillion in value. Key players like Palantir and Tesla have emerged as retail favorites, reflecting investor confidence amid declining recession fears.

Sources:
Cnbc+1
Updated 1h ago
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Sources: CnbcCNN
Palantir and Tesla stocks have experienced remarkable gains, with Palantir surging over 65% and Tesla rising by 50.6%. This surge comes as the US stock market rebounds, with the S&P 500 gaining nearly $8 trillion in market value since its lows in early April.

The swift recovery is noted as the fastest since 1982, taking just 25 trading days to recover from a 15% decline, according to Bespoke Investment Group.

Palantir has become a favorite among retail investors, with executives optimistic about benefiting from government efficiency initiatives led by figures like Trump and Elon Musk. Meanwhile, Tesla, also popular among retail investors, has faced scrutiny due to Musk's political engagements, but analysts expect a potential pullback after its significant gains.

Overall, the market's rebound reflects a broader optimism, with the chance of a US recession now estimated at less than 50%, down from 60% earlier this year, as reported by JPMorgan Chase economists.
Sources: CnbcCNN
Palantir and Tesla stocks surged over 65% and 50%, respectively, as the US market rebounded sharply, with the S&P 500 gaining nearly $8 trillion in market value since early April. This recovery marks the fastest since 1982, according to Bespoke Investment Group.
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The Headline

Market rebounds with major stock gains

The chance of a US recession is now less than 50%, down from 60% in early April.
JPMorgan Chase economists
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Key Facts
  • The S&P 500 has gained nearly $8 trillion in market value since April 8, marking the fastest recovery since 1982.
  • Palantir shares surged more than 65%, becoming a favorite among retail investors.Cnbc
  • Tesla also saw a significant gain of 50.6%, despite scrutiny over Elon Musk's political activities.Cnbc
Key Stats at a Glance
Increase in S&P 500 market value
$8 trillion
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Increase in Palantir shares
65%
Cnbc
Increase in Tesla shares
50.6%
Cnbc

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Background Context

Context on market selloff and recovery

Key Facts
  • The early 2025 selloff was marked by a rapid decline, with the S&P 500 closing in correction territory in just 22 days.
  • Recession odds have decreased significantly, now below 50% after Trump's tariff pause.CNN1
  • The recovery has been the fastest since 1982, taking only 25 trading days to rebound from a 15% decline.CNN1
Key Stats at a Glance
Days to close in correction territory
22 days
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Current odds of a US recession
50%
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Days to recover from 15% decline
25 trading days
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