Wall Street Rises as Oil Drop Eases Yields, Nvidia Breaks Losing Streak

Wall Street stocks rose Tuesday as falling oil prices eased pressure on long-term Treasury yields, with the Nasdaq outperforming and Nvidia ending a seven-session losing streak, though gains were driven largely by short covering rather than broad market strength. Crude fell over 3% with WTI below $82 per barrel after diplomatic efforts around Iran and the Strait of Hormuz cooled geopolitical tensions, while softer consumer confidence and Treasury buybacks helped push 30-year yields down about six basis points. The S&P 500 excluding AI stocks was essentially unchanged, highlighting narrow leadership. Nvidia reports quarterly results expected near $92 billion in revenue, nearly double year-ago levels, with the market judging whether AI capital spending justifies current valuations. Gold neared $4,700 per ounce and Bitcoin topped $81,000, reflecting lingering fiscal anxiety despite the relief rally.