Wall Street awaits two big market tests this week: Yahoo Finance

Stocks jumped last week, fueled by Federal Reserve Chair Jerome Powell's commentary on Friday that boosted investor confidence in a potential rate cut in September. This comes as markets anticipate two significant events this week: Nvidia's earnings report and the release of July's Personal Consumption Expenditure inflation data. Meanwhile, oil prices are climbing as tensions escalate in the Middle East.

Nvidia earnings are the next test after Fed chief Powell said it's time for rate cuts, fueling the stock market rally.WASHINGTON — She’s the sitting vice president who has been in office for 3 1/2 years. She’s also the presidential candidate of just five weeks promising a “new way forward.

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