# Dow Jones up 0.5% as Amazon jumps, Palantir spikes 27% after earnings

**Published:** 2026-08-16T17:38:14.158Z  
**Topic:** Stock Market  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/6212b27d-6a7c-4808-86a9-eb06f151f3a3

Dow Jones climbs 0.5% on strong Amazon gains, while Palantir rockets 27% on earnings; 10‑year Treasury yields hit 4.75%, marking the highest level since Jan

The Dow Jones Industrial Average closed Friday up 0.5% at the end of a volatile week that saw the Nasdaq rise 1% and the S&P 500 gain 0.7% [1]. The move was driven by a near‑16% surge in Amazon shares and a 27% jump in Palantir after its earnings beat, while the 10‑year Treasury yield touched 4.75%, its highest since January 2025.

| At a glance | |
|---|---|
| Dow Jones weekly change | +0.5% |
| S&P 500 weekly change | +0.7% |
| Nasdaq weekly change | +1.0% |
| 10‑year Treasury yield peak | 4.75% (highest since Jan 2025) |

## Market drivers  
Amazon (AMZN) rallied almost 16% after reporting strong cloud‑computing results, lifting the Consumer Discretionary sector more than 6% for the day [1]. Apple (AAPL) fell 7% on weaker‑than‑expected services revenue, dragging the S&P 500 and Nasdaq lower. Microsoft (MSFT) added another 3% after a prior 16% jump on earnings that beat expectations, contributing roughly $450 billion to its market cap [1]. In the same session, Palantir Technologies (PLTR) surged 27% on earnings that exceeded forecasts, briefly pushing the Dow down 0.2% in early trade [2].

## Yield and commodity backdrop  
The 10‑year Treasury yield rose to 4.75% before settling at 4.73% by 4 p.m. ET, a level not seen since early 2025, reflecting lingering inflation concerns despite the Federal Reserve’s decision to hold rates steady [1]. Oil prices climbed, with WTI futures up 1.4% to $84.80 a barrel and Brent above $90, after traders weighed recent Middle‑East developments [1]. The dollar index edged higher to 99.93, while gold fell 1.3% to $4,105 an ounce [1].

## What to watch  
- Upcoming U.S. inflation reports and the Federal Reserve’s next policy meeting, which could move the 10‑year yield further.  
- Amazon’s next quarterly guidance, especially for its cloud segment, given its outsized impact on the market.  
- Palantir’s revenue breakdown in its next earnings release, to see if the earnings beat was sustainable.  

The week underscores how a handful of heavyweight stocks can swing the major indexes, while bond yields remain sensitive to Fed policy signals and geopolitical risk. The next data points will determine whether the upward momentum can be sustained or if markets will revert to a more cautious stance.

## Sources
1. Investopedia — [Markets News, July 31: Dow Logs Slim July Gains as Nasdaq, S&P 500 Slip; Amazon Stock Soars, Apple Sinks Friday](https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-07312026-12031593)
2. Investor's Business Daily — [Dow Jones Falls On Trump Tariff News; Palantir Surges 27% On Earnings](https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-trump-tariff-palantir-stock-pltr/)

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Cite as: TrendWatcher, "Dow Jones up 0.5% as Amazon jumps, Palantir spikes 27% after earnings", https://www.trendwatcher.in/article/6212b27d-6a7c-4808-86a9-eb06f151f3a3