Palantir delivered an encouraging financial performance in the third quarter. Its customer count increased 39% to 629, and the average existing customer spent 18% more. In turn, revenue jumped 30% to $726 million, the fifth straight sequential acceleration. Meanwhile, non-GAAP earnings soared 42% to $0.10 per diluted share.

U.S. stocks are rallying Friday to trim their losses in what had been one of the market's roughest weeks of the year. The S&P 500 climbed 1.2% and was on track for its best day in six weeks after erasing an early drop.

Wall Street pointed toward gains early as markets try to claw back losses from a rare bumpy week. Futures for the S&P 500 gained 0.4% before the bell Friday, while futures for the Dow Jones Industrial Average rose less than 0.