Oil Decline Sparks Broad Market Rally as Nvidia Tops Earnings
TL;DR Summary
U.S. stocks climbed as Brent crude slid over 5% on a big inventory draw, with SPY and QQQ closing higher and Nvidia beating revenue and EPS estimates (also raising its dividend). Semis like AMD, INTC, and MU joined the rally, while Intuit fell on layoffs. Fed minutes hinted policymakers may favor higher rates if inflation stays above target.
- Stock Market Today: SPY, QQQ Rally as Oil Sinks 5%; Nvidia Blasts Past Earnings Estimates TipRanks
- Stock market today: Dow jumps 600 points, S&P 500 and Nasdaq rally as oil falls in countdown to Nvidia earnings Yahoo Finance
- U.S. Stocks Rise as Global Bond Rout Eases WSJ
- US stocks rally as pressure eases from the bond market and oil prices fall AP News
- Stock Market Today: Dow Closes Above 50,000; Nvidia Rises Ahead Of Earnings (Live Coverage) Investor's Business Daily
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