Stocks Up on Fed Optimism But Yields, Earnings, Nvidia Outlook Limit Gains
• Wall Street indexes rose on bets that the Fed is nearing the end of interest rate hikes • However, Treasury yields and disappointing earnings limited gains • Nvidia shares fell after forecasting a steep drop in China sales due to export curbs • Energy stocks declined as oil prices tumbled over 4% after OPEC+ delayed a meeting • Deere shares dropped over 5% after its 2024 profit forecast missed analyst estimates