Palantirs 2500 Run Has Bulls Scrambling to Justify Valuation Bloombergcom

Conservative media outlet Newsmax Inc.’s meme-stock moment has given it a market value greater than Fox Corp.’s, with shares surging 2,230% since its debut earlier this week.

Stocks were supposed to slump and bonds rally as the Fed drove the US into a recession. It didn’t play out as strategists expected.

International Business Machines Corp. dropped in extended trading after its results weren’t strong enough to quell investors’ concerns that tariffs and federal cost cuts will dent the company’s business.