US stocks rose on Monday, looking to resume a rally spurred by the Federal Reserve's message that interest-rate cuts are imminent, ahead of a busy week dominated by Nvidia's earnings report. The S&P 500 added roughly 0.1%, while the Dow Jones Industrial Average added roughly 0.2%. The tech-heavy Nasdaq Composite slipped 0.1% after the major indexes all gained more than 1% for the week.
5% cut is likely. Now the focus is firmly on Nvidia earnings — the marquee event of the week — which will likely determine whether the market mood stays upbeat. If the chipmaker's results on Wednesday fail to meet sky-high expectations, that could further dent the AI trade that has powered stock gains — and, in turn, put the market's rebound from August lows to the test.
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