Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks. Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.

Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April.

Palantir has maintained its momentum in 2025. Its year-to-date return of 57% means it is once again the best performer in the S&P 500, partly because investors have shown a clear preference for software and services companies that may escape tariffs unscathed.