Geopolitical Turmoil Does Little to Shake Stocks – US Market Wrap

Stocks rebounded in a volatile session marked by geopolitical headlines, with NVIDIA climbing ahead of its results. Bitcoin extended its post-election rally.

Trading in options signals NVIDIA’s results Wednesday will be one of the most important catalysts left this year. The chipmaker at the forefront of the artificial-intelligence boom rose 4.9%, leading gains in the S&P 500. An earlier slide in equities was driven by Ukraine’s first strike with US missiles in Russia and President Vladimir Putin’s approval of an updated nuclear doctrine.

The S&P 500 added 0.4%. The Nasdaq 100 climbed 0.7%. A gauge of the Magnificent Seven advanced 1.7%. The Dow Jones Industrial Average slipped 0.3%. US 10-year yields slid two basis points to 4.39%. Oil and gold rose.