Wall Street Poised for Fresh Gains as Investors Look Past Valuation Risks – Europe Market Wrap

US stocks are poised to extend their six-month bull run, with investors turning their attention to upcoming earnings from Palantir Technologies Inc. and a batch of private economic data for clues on the interest-rate outlook.

S&P 500 futures advanced 0.4%, signaling a firm start to November for the US benchmark, while Nasdaq 100 contracts gained 0.6%. Palantir, among the year’s standout winners with a 165% surge fueled by AI enthusiasm, looked set for further gains ahead of its results due after the close. European and Asian shares also advanced, reflecting renewed optimism across global markets.

In fixed income, global bonds softened, with the 10-year US Treasury yield hovering near 4.08%. Gold pared early advances as haven demand waned, while the dollar steadied against major peers.

The equity rally remains intact, as investors shrug off worries about lofty valuations amid better-than-expected earnings and persistent confidence in AI-driven growth. Attention now shifts to private economic releases later this week — especially as the ongoing US government shutdown threatens to become the longest in history — following Federal Reserve Chair Jerome Powell’s warning not to assume a rate cut in December.