Good evening and welcome to Markets Desk, your close of business briefing.
The dominant geopolitical story right now is Kuwait, where the army confirmed it is actively confronting Iranian missile and drone attacks. President Trump weighed in, saying the renewed Mideast hostilities would not last too long, but markets are watching the Gulf closely for any spillover into energy supply routes and risk sentiment globally.
Turning to tech earnings, Hewlett Packard Enterprise delivered a significant beat, riding the artificial intelligence server boom that has now lifted both it and Dell in recent quarters. Analysts noted HPE's focus on enterprise and sovereign customers gives it a stronger profit profile than consumer-facing peers, making this one of the cleaner AI infrastructure plays in the hardware space.
And on the data and AI software side, Palantir shares pulled back on September second, two thousand twenty six, as investors locked in profits following a rally that had stretched the stock to roughly one hundred forty four times earnings. At that kind of multiple, even modest hesitation from buyers is enough to move the needle sharply lower.
That's the tape. Markets Desk, signing off the floor.
