Wall Street rebounds as tech stocks rally ahead of Nvidia earnings

n-tv.de (German)

US stocks closed higher Tuesday, driven by a rebound in technology shares and falling bond yields, as optimism grew ahead of Nvidia's earnings report. The Dow Jones rose 0.3 percent, the S&P 500 gained 0.3 percent, and the Nasdaq climbed 0.7 percent. Lower oil prices and renewed demand for Treasuries, supported by expanded buybacks, eased inflation concerns. Nvidia shares rose 2.2 percent ahead of its Wednesday results. Investors await the PCE price index and Fed Chair Kevin Warsh's Jackson Hole speech. Moderna jumped 14 percent after a price target hike, while Dick's Sporting Goods plunged 30.7 percent on a lowered forecast.


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Wall Street rebounds as tech stocks rally ahead of Nvidia earnings | News Minimalist