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      Palantir Drives Nasdaq Recovery with Significant Gains in August

      The Nasdaq Composite Index ended August with a notable gain of 3.93%, marking a recovery from two consecutive months of losses. This rebound was largely fueled by strong performances from several high-growth technology stocks, including Palantir Technologies, which saw its shares surge by 50% during the month.

      Other companies contributing to the Nasdaq's positive momentum included MicroStrategy, which increased by 42%, Space Exploration Technologies with a 32% rise, and Sandisk, which gained 29%. Despite this recovery, the market faced renewed uncertainty towards the end of the month due to rising oil prices and escalating tensions between the U.S. and Iran, alongside shifting expectations regarding Federal Reserve policy.

      As the market transitions into September, investors are confronted with a potentially challenging environment characterized by inflation concerns, fluctuating crude prices, and labor market data. The likelihood of a rate increase by the Federal Reserve has risen, with markets pricing in over a 60% chance of a hike this month, which could introduce volatility into the ongoing rally.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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