The stock markets are experiencing significant volatility today. Major indices, including the S&P 500 and Nasdaq, are seeing fluctuations influenced by multiple factors. One of the main drivers is the rising tensions in the Middle East, which has raised investor concerns about potential disruptions in oil supplies and broader geopolitical instability. Additionally, recent fears of a recession in the US have also contributed to a more cautious market sentiment.

In individual stock news, Palantir is drawing attention ahead of its Q2 earnings report. The company is expected to show strong financial performance with substantial growth in earnings and revenue. Analysts are optimistic about Palantir’s strategic investments in AI technologies and its expanding customer base, particularly in the U.S. commercial sector.

Overall, today's market is a mix of cautious trading and specific stock movements driven by earnings reports and geopolitical developments.