Wall Street rebounds on tech rally ahead of Nvidia earnings and US inflation data
Wall Street closed higher Tuesday, driven by a rebound in technology stocks ahead of Nvidia's earnings report, while investors awaited key US inflation data due Wednesday. The Dow Jones rose 0.30%, the S&P 500 gained 0.32%, and the Nasdaq led with a 0.66% increase. The recovery was fueled by gains in semiconductor stocks, falling Treasury yields, and lower oil prices, with Nvidia up 2.2% and AMD surging 4.9%. Wednesday's session is expected to be driven by the PCE inflation report and Nvidia's quarterly results after the close, which could significantly impact tech markets. Canada also announced retaliatory tariffs on US goods, and Bitcoin surpassed $80,000 for the first time since May.