Nvidia Results and Rising Yields Focus Global Markets
Traders are bracing for Nvidia first quarter results while monitoring a spike in 30-year Treasury yields to their highest levels since 2007. Markets also await the Federal Reserve April meeting minutes as oil prices remain elevated amid ongoing geopolitical tensions in the Middle East.
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NVIDIA CORP options price a 6.5% price swing in either direction, or $350 billion in market value, ahead of its first-quarter results late evening. The expected move exceeds the total valuation of 90% of firms in the S&P 500. Investors view the report as a definitive gauge for global AI infrastructure spending and semiconductor demand.
