Wall Street rallies as Nvidia diverges
US stocks surged as falling oil prices eased inflation concerns.
The Dow gained 2.15% to 52,389.75, the S&P 500 advanced 2.35% to 7,549.94 and the Nasdaq climbed 2.74% to 25,253.14. Semiconductor stocks rallied, with AMD rising 13.3% and Broadcom gaining 8.8%.
Nvidia fell 4.2% amid uncertainty surrounding an investigation involving CEO Jensen Huang. Markets continued to price in an over-80% probability of a December Federal Reserve rate increase following strong employment data, making the upcoming inflation report particularly important.
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