Market Overview
The Nasdaq Composite increased by 0.56% as of 12:13 p.m. ET, followed by the S&P 500 at 0.27% and the Dow Jones Industrial Average at 0.22%. In notable declines, oil prices dropped by 3.4% after President Trump announced the Navy had cleared mines from the Strait of Hormuz.
Gold is poised for its most significant monthly gain since 1999, while Bitcoin reached $80,000. The upcoming Nvidia earnings report is being closely watched, as investors anticipate insights into the company’s margins.
Nvidia’s stock rose 1.6% ahead of its earnings report, contributing significantly to the S&P 500 and Nasdaq gains. Memory chip stocks like Micron Technology and SK Hynix also saw minor rebounds, gaining 2% and 2.4%, respectively.
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