(Reuters) -Wall Street futures held steady on Friday as investors took a breather following record closes for the S&P 500 and the Nasdaq in the previous session and awaited clarity on trade negotiations ahead of next week's tariff deadline.

Nasdaq (NASDAQ:NDAQ) shares gapped up 6.4% in Thursday morning trading after its second-quarter earnings and revenue rose past the consensus, with all three of its business units logged solid gains.

For anybody hunting for parallels between contemporary markets and 1999, BTIG’s Jonathan Krinsky has a chart that might be of interest.

Nasdaq is expected to release its earnings on July 24, covering a quarter that experienced a surge in the Nasdaq 100 index and U.S. stocks, reaching all-time high.

One stock that managed to outmaneuver the various headwinds torturing the markets throughout the year, however, is data mining specialist Palantir Technologies (NASDAQ: PLTR). With shares soaring by 80% during the first six months of 2025, Palantir was the top-performing stock across both the S&P 500 and Nasdaq-100.

Palantir's expansion into commercial markets has boosted its business. The stock has been on a tear since the start of 2024. Palantir's valuation is sky-high.

While the Nasdaq 100 (^NDX) is filled with cutting-edge technology and consumer companies, not all are on solid footing. Some are dealing with declining demand, high costs, or regulatory pressures that could limit future upside.