The stock market’s on fire, with major indexes hitting all-time highs as companies like Palantir and Caterpillar post jaw-dropping earnings—Palantir’s revenue up 93%, Caterpillar smashing $20B in sales. S&P 500 profits are soaring 50% year-over-year, fueling investor enthusiasm even as oil prices fall and the U.S. economy holds steady. AI is the engine behind the boom, lifting Nvidia and Broadcom—and sparking global rallies from South Korea to Wall Street.
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