Markets rally on Diplomatic Progress and Nvidia Beat

U.S. markets rebounded strongly, with the Dow reclaiming 50,000, supported by easing oil prices and softer Treasury yields amid optimism around a potential U.S. and Iran agreement. Crude fell over 5%, boosting sentiment, although geopolitical uncertainty persists.

Nvidia’s strong earnings, dividend hike, and $80 billion buyback reinforced confidence in the AI theme, though muted after-hours reaction reflected already elevated expectations. Meanwhile, Fed minutes signaled rising openness to rate hikes as inflation risks remain, with yields staying elevated.

Global sentiment improved further on easing EU–U.S. trade tensions and strong Asian market performance. The dollar weakened slightly, but the rupee hit a fresh low at 96.83 due to continued FII outflows and macro pressures.

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