Wall Street ends higher as tech rebounds before Nvidia results
The gains ease investor concerns sparked by a recent bond market rout and could help set the tone for September, a historically weaker month for stocks.
Wall Street's main indexes closed higher on Tuesday, as technology stocks rebounded after a selloff ahead of AI giant Nvidia's results, while investors found relief in drops in oil prices and bond yields. The gains may ease concerns sparked by a recent bond market rout, which lifted yields and pressured equities, and could set the tone for September, a historically weaker month for stocks.
Nvidia's results on Wednesday will be the next test for the earnings-driven rally, with any signs of slowing growth potentially reigniting concerns about stretched valuations and the sustainability of the AI boom.
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