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Wall Street closes higher following Nvidia results
Wall Street registered gains, driven by Nvidia, as investors processed inflation data and interest rate speculation.

The Wall Street stock market ended higher, with the Dow Jones up 0.20% and the S&P 500 rising 0.72%. The Nasdaq stood out with a gain of 1.57%. According to Free Malaysia Today, this optimism is largely fueled by positive projections from Nvidia ahead of its earnings report.
In contrast, the Australian market faced a significant decline, with the ASX recording its largest drop in 12 weeks. This decline is attributed to rising expectations of a new interest rate hike as early as next month, as reported by the Sydney Morning Herald.
Market volatility is also reflected in the recent inflation data in the U.S., which has created uncertainty among many investors. According to CNN Brasil, the Dow Jones had previously closed slightly down by 0.21%, and the S&P 500 had dipped 0.02% before the trend reversed.

Investors were cautious ahead of Nvidia's earnings announcement, with some choosing to stay out of the market. The anticipation surrounding Nvidia as a benchmark company in artificial intelligence generated speculation that influenced market dynamics, as reported by Free Malaysia Today.
With the session's conclusion, Nvidia appears to have reversed market sentiment, bringing a wave of optimism that benefited tech stocks. Stock market fluctuations symbolize the current tensions between economic data and tech sector valuations.