Wall Street Rises as Tech Rebounds Ahead of Nvidia Results

Wall Street's main indexes closed higher Tuesday as technology stocks rebounded from a selloff ahead of Nvidia's results, with falling oil prices and bond yields providing relief to investors. The gains helped ease concerns from a recent bond market rout that had pressured equities, while longer-dated Treasury yields fell as oil dropped to a one-week low. Nvidia's Wednesday results are seen as the next test for the earnings-driven rally. A consumer confidence survey fell to a seven-month low in August, though markets still price in one rate increase by year-end. Investors await Fed Chair Kevin Warsh's Friday speech for monetary policy clues.