The Nasdaq and S&P 500 both closed higher on Tuesday, driven by a surge in technology stocks ahead of Nvidia"s quarterly results. Nvidia"s shares rose significantly, contributing to gains across all three major indexes.
Despite initial concerns due to geopolitical tensions, stocks managed to recover after Russian Foreign Minister Sergei Lavrov assured that Moscow would work to prevent a nuclear conflict. Walmart also saw significant gains and raised its annual forecasts, adding to the positive sentiment in the market.
Technology stocks led the S&P 500 sectors with a notable increase, while the Dow ended the day lower.