FX.co ★ US Stocks Hold Slight Rebound

US stocks managed to recover modestly during morning trading, pausing the intense selling experienced over the past four sessions as investors continued to evaluate the Federal Reserve's interest rate strategy in anticipation of Nvidia's earnings report, due after the market close. The S&P 500 and Nasdaq 100 both rose approximately 0.5%, while the Dow Jones increased by over 50 points. Nvidia’s stock saw a rise of about 2%, with expectations for solid, though reduced, revenue growth, as investors eagerly await new projections for AI services and computing capacity. Since last week's conclusion, tech stocks and high-risk assets experienced significant declines, driven by growing market skepticism regarding whether substantial investments in data centers will yield the anticipated returns. Despite conflicting commentary in the FOMC minutes and the Bureau of Labor Statistics' decision to delay its jobs report until after the Federal Reserve's meeting in December—which dampened expectations for another rate cut—the market maintained its modest recovery. The retail sector also garnered attention, with Lowe's and TJX experiencing gains following the release of their performance results.