Nvidia Set to Report Blockbuster Earnings as Markets Rally
Federal Reserve's meeting minutes and OPEC+ meeting eyed amid falling U.S. dollar
- Nvidia Corp. is set to release its quarterly results, with analysts expecting a nearly 173% jump in revenue for the third quarter and a more than 195% rise in revenue for the current quarter.
- The S&P 500 and Nasdaq Composite indices have been on a rally, reaching their highest levels in over 3-1/2 months.
- The Federal Reserve is due to release the minutes of its latest meeting, which traders will scrutinize for clues about future interest rate trajectories.
- Crude oil futures fell 0.58% to $77.38 following a 2.5% jump on Monday, with markets now focused on the upcoming OPEC+ meeting.
- The U.S. dollar continues to fall, with its DXY index down for the fourth day to its lowest since August.
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