Wall Street Hovers Near Records as AI and Tech Earnings Roll In

US equities hovered near record highs as a wave of strong technology earnings buoyed investor sentiment. Futures for the major indexes edged higher, supported by robust results from leading firms tied to the artificial intelligence boom. Amazon soared toward a $3 trillion market value, while data-analytics company Palantir jumped sharply after reporting revenue growth of about 93%, underscoring continued enthusiasm for AI-linked businesses. The rally has coincided with easing geopolitical risk after the US deferred military action against Iran, which pulled crude oil prices lower and reduced the energy risk premium, while Treasury yields retreated from recent multi-month highs. Regional banks also wrapped up second-quarter reporting with mostly in-line results. The market's resilience reflects a mix of solid corporate earnings, cooling energy costs and expectations around Federal Reserve policy, though analysts caution that elevated valuations leave less room for disappointment. With more results due and key economic data expected later in the week, investors are watching whether megacap technology strength can continue to drive the broader market and sustain gains near all-time highs into the second half of the year.