Stocks gain with Nvidia, dollar inches up vs yen

NEW YORK, June 25 - Global stock indexes mostly climbed on Tuesday, with shares of AI chipmaker Nvidia bouncing after a three-day sell-off, while the dollar gained slightly against the Japanese yen.

The chipmaker had rocketed higher to briefly become the world's biggest company last week, but tumbled around 16% from last Thursday's peak to this Monday's close. Investors are also gearing up for data on the personal consumption expenditures price index on Friday, which could provide further clues on the inflation picture and when the Federal Reserve might begin cutting interest rates.

After the closing bell, shares of FedEx , opens new tab jumped more than 15% following the release of its results and its forecast for 2025 profit above analysts' estimates. The stock closed down 0.1% in the regular session. It hit a record low against the euro of 171.49 on Monday as pressure on the currency mounted thanks to interest rates in Japan that remain far lower than in the United States and Europe.The dollar index , which measures the greenback against a basket of currencies, gained 0.11% at 105.63, with the euro down 0.19% at $1.0712.

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