Nvidia Rises, Wall Street Pauses As Oil Prices Jump To $65: What’s Moving Markets Monday?
Nvidia Corp. (NASDAQ:NVDA) is up 2% in midday trading Monday, moving within striking distance of its all-time high—now less than 2 percentage points away—as investors remain upbeat ahead of the company’s highly anticipated earnings release this week.
The enthusiasm around Nvidia comes even as the broader market takes a modest step back following Friday’s Fed-fueled rally.
Investors are pausing to reassess after a sharp move higher, spurred by dovish comments from Federal Reserve Chair Jerome Powell that rekindled hopes for a September rate cut.
Energy prices are also drawing attention. Crude oil jumped 2% to above $65 a barrel, marking its fourth straight day of gains and raising new inflation concerns just as markets start to price in looser financial conditions.
Geopolitical risks are back in focus. Hopes for a diplomatic …
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