Stocks Rise on Oil Drop Ahead of Nvidia Earnings; Bonds Gain

Stocks rose Tuesday as falling oil prices lifted bonds, with investors awaiting Nvidia’s earnings for signals on the AI sector’s health. A chipmaker rebound ended the company’s seven-day losing streak, and the Nasdaq 100 outperformed major benchmarks. Brent crude settled below $90 on hopes for revived Strait of Hormuz energy flows, as Iran and Oman discussed a framework. A report of US diplomats returning to Middle East embassies eased war concerns, while lower oil reduced inflation worries and boosted Treasuries. Consumer confidence hit its lowest level this year. Fed Chair Kevin Warsh’s Friday speech may shape markets, with analysts expecting him to hold firm. Nvidia’s revenue likely nearly doubled to $92 billion, though OpenAI’s new chips outperformed its lineup.