Wall Street Rises as Oil Drops 3% and Nvidia Rebounds

Wall Street stocks rose Tuesday as oil prices fell over 3%, easing pressure on long-term Treasury yields and boosting technology shares, with Nvidia ending a seven-session losing streak. The S&P 500 excluding AI stocks was essentially flat, suggesting the rally was driven by short covering rather than broad buying. Softer crude followed diplomatic efforts around Iran and the Strait of Hormuz, while weaker consumer confidence also supported bonds. Nvidia reports quarterly revenue near $92 billion, nearly double year-ago levels. The market now expects continued proof of AI spending momentum, with elevated positioning meaning a merely good quarter may disappoint.