Big Techs Jump Premarket. Palantir up 4.7%; Super Micro up 2%; Meta, AMD, Nvidia up around 1%

Big tech stocks gained in premarket trading as progress in several trade negotiations boosted sentiment.

Palantir up 4.7%; Super Micro up 2%; Meta, AMD, Nvidia up around 1%.

US stocks rose to a fresh all-time high on Friday for the first time since February, underscoring the conviction the economy is withstanding policy uncertainties.

Canada withdrew its digital services tax on technology companies in a move to restart talks with the US. Prime Minister Mark Carney and Trump agreed that the two countries will resume negotiations with a view toward agreeing on a deal by July 21.

French finance minister Eric Lombard said the European Union can clinch some form of a trade agreement with the US before a July 9 deadline, when Washington is set to impose a 50% tariff on nearly all EU products.

India’s trade team also extended its stay in Washington to iron out differences as the two sides look to clinch a deal before the July 9 deadline, people familiar with the matter said. The in-person negotiations were initially supposed to run through June 27 but were extended by a day, raising hopes of an interim trade deal.

Wall Street traders have dodged a flurry of tariff headlines to drive stocks to all-time highs. The surge in equities after April’s meltdown drove the S&P 500 to its first record since February, with the gauge topping 6,170 on Friday. The index has gained 10% this quarter, its sixth advance in seven quarters.

Separately, negotiations over Trump’s tax-cut bill are continuing as Republicans seek to convince holdouts to support it for final passage. The nonpartisan Congressional Budget Office estimates the measure would add nearly $3.3 trillion to US deficits over a decade.